The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Bought by Jennison Associates LLC

Jennison Associates LLC increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,415 shares of the technology company’s stock after acquiring an additional 3,202 shares during the period. Jennison Associates LLC’s holdings in The Descartes Systems Group were worth $19,927,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DSGX. Conestoga Capital Advisors LLC lifted its holdings in The Descartes Systems Group by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock valued at $326,238,000 after acquiring an additional 52,485 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of The Descartes Systems Group by 0.8% in the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock worth $265,692,000 after purchasing an additional 19,817 shares in the last quarter. Geneva Capital Management LLC lifted its stake in The Descartes Systems Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock valued at $152,037,000 after purchasing an additional 19,002 shares during the last quarter. Franklin Resources Inc. boosted its holdings in The Descartes Systems Group by 3.1% during the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock worth $142,693,000 after buying an additional 40,807 shares in the last quarter. Finally, National Bank of Canada FI grew its position in The Descartes Systems Group by 389.8% in the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock worth $71,911,000 after buying an additional 556,408 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DSGX shares. Loop Capital assumed coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price objective for the company. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Scotiabank lifted their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Stock Up 1.4 %

Shares of NASDAQ:DSGX opened at $117.43 on Thursday. The firm has a fifty day moving average of $116.22 and a two-hundred day moving average of $107.91. The Descartes Systems Group Inc. has a 12-month low of $84.12 and a 12-month high of $122.88. The firm has a market capitalization of $10.05 billion, a P/E ratio of 73.86 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period last year, the firm posted $0.31 EPS. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group 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.