AEGON ASSET MANAGEMENT UK Plc Purchases 25,588 Shares of The Descartes Systems Group Inc. $DSGX

AEGON ASSET MANAGEMENT UK Plc lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 20.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 148,552 shares of the technology company’s stock after buying an additional 25,588 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in The Descartes Systems Group were worth $15,024,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of The Descartes Systems Group in the 1st quarter valued at $49,000. Parallel Advisors LLC increased its position in shares of The Descartes Systems Group by 35.1% in the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock valued at $59,000 after buying an additional 152 shares in the last quarter. GAMMA Investing LLC increased its position in shares of The Descartes Systems Group by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after buying an additional 117 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of The Descartes Systems Group in the 1st quarter valued at $141,000. Finally, Hilltop National Bank bought a new stake in shares of The Descartes Systems Group in the 2nd quarter valued at $215,000. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $97.55 on Wednesday. The firm has a 50-day moving average of $99.64 and a 200-day moving average of $103.12. The Descartes Systems Group Inc. has a one year low of $91.00 and a one year high of $124.31. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 57.72 and a beta of 0.77.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The business had revenue of $178.98 million for the quarter, compared to analyst estimates of $176.51 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DSGX. Morgan Stanley assumed coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price objective for the company. Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Descartes Systems Group in a research note on Wednesday, October 8th. Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Finally, TD Securities assumed coverage on shares of The Descartes Systems Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $121.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.80.

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.