TD Asset Management Inc. Boosts Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

TD Asset Management Inc. lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 899,762 shares of the technology company’s stock after purchasing an additional 28,204 shares during the period. TD Asset Management Inc.’s holdings in The Descartes Systems Group were worth $102,224,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DSGX. Mather Group LLC. increased its holdings in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after acquiring an additional 181 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group in the fourth quarter worth $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group in the fourth quarter worth $54,000. GAMMA Investing LLC raised its position in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after buying an additional 495 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after buying an additional 182 shares during the period. 77.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. TD Securities lifted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. 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 report on Thursday, March 6th. BMO Capital Markets dropped their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Finally, Stephens reduced their target price on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.33.

The Descartes Systems Group Price Performance

Shares of DSGX stock opened at $105.54 on Wednesday. The business has a 50-day moving average of $111.31 and a 200 day moving average of $110.23. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The stock has a market capitalization of $9.03 billion, a PE ratio of 66.38 and a beta of 0.99.

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 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 firm had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. Analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

The Descartes Systems Group Company Profile

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.