Janus Henderson Group PLC Has $65.12 Million Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Janus Henderson Group PLC reduced its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 632,168 shares of the technology company’s stock after selling 1,354 shares during the quarter. Janus Henderson Group PLC’s holdings in The Descartes Systems Group were worth $65,123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intact Investment Management Inc. acquired a new position in shares of The Descartes Systems Group during the second quarter worth about $61,000. Blue Trust Inc. boosted its position in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after purchasing an additional 587 shares during the last quarter. Andra AP fonden acquired a new position in The Descartes Systems Group during the second quarter valued at approximately $77,000. Whittier Trust Co. of Nevada Inc. boosted its position in The Descartes Systems Group by 143.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock valued at $116,000 after purchasing an additional 704 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in The Descartes Systems Group by 28.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after purchasing an additional 279 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Down 1.0 %

NASDAQ DSGX opened at $118.72 on Friday. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 74.67 and a beta of 0.98. The Descartes Systems Group Inc. has a twelve month low of $79.21 and a twelve month high of $122.22. The business’s fifty day moving average is $109.34 and its 200 day moving average is $101.92.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.82% and a net margin of 21.80%. The company had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Monday. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets increased their target price 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. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, Scotiabank raised their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $114.17.

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.