AEGON ASSET MANAGEMENT UK Plc Has $19.86 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 176,959 shares of the technology company’s stock after selling 7,099 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in The Descartes Systems Group were worth $19,861,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the 4th quarter valued at $54,000. GAMMA Investing LLC raised its stake in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after buying an additional 587 shares during the period. Avanza Fonder AB acquired a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $118,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in The Descartes Systems Group by 28.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock worth $122,000 after purchasing an additional 279 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX opened at $119.13 on Friday. The company has a market capitalization of $10.19 billion, a PE ratio of 74.92 and a beta of 0.99. The Descartes Systems Group Inc. has a 52-week low of $84.12 and a 52-week high of $122.88. The company has a fifty day moving average of $116.00 and a 200-day moving average of $106.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the company earned $0.31 EPS. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DSGX. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $88.00 to $125.00 in a report on Friday, November 15th. Loop Capital began coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target on the stock. Scotiabank boosted their target price on 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. BMO Capital Markets lifted their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada raised their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and an average target price of $117.92.

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.