AGF Management Ltd. Acquires 3,861 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

AGF Management Ltd. increased its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,947 shares of the technology company’s stock after acquiring an additional 3,861 shares during the quarter. AGF Management Ltd. owned about 0.12% of The Descartes Systems Group worth $11,702,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jane Street Group LLC increased its holdings in shares of The Descartes Systems Group by 20.4% in the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock valued at $1,368,000 after purchasing an additional 2,250 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of The Descartes Systems Group during the 3rd quarter worth about $2,308,000. Massachusetts Financial Services Co. MA grew its stake in The Descartes Systems Group by 2.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock valued at $48,456,000 after buying an additional 9,768 shares during the last quarter. Barclays PLC raised its holdings in The Descartes Systems Group by 2.8% in the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock valued at $1,031,000 after acquiring an additional 270 shares during the period. Finally, Canoe Financial LP acquired a new stake in The Descartes Systems Group during the fourth quarter worth approximately $7,939,000. 77.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on DSGX shares. CIBC decreased their target price on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Stephens decreased their price objective on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Barclays dropped their target price on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Royal Bank of Canada decreased their price target on shares of The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Scotiabank lifted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.33.

The Descartes Systems Group Stock Performance

DSGX stock opened at $97.92 on Wednesday. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 61.58 and a beta of 0.99. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $124.31. The stock has a fifty day moving average of $113.94 and a 200-day moving average of $110.22.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. Equities analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.