Ostrum Asset Management Has $143,000 Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Ostrum Asset Management decreased its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,261 shares of the technology company’s stock after selling 237 shares during the period. Ostrum Asset Management’s holdings in The Descartes Systems Group were worth $143,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DSGX. Mather Group LLC. boosted its holdings in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. GeoWealth Management LLC lifted its holdings in shares of The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock worth $39,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the 4th quarter valued at $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group during the 4th quarter worth about $54,000. Finally, GAMMA Investing LLC raised its position in shares of The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after buying an additional 495 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of The Descartes Systems Group stock opened at $100.26 on Tuesday. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 63.06 and a beta of 0.97. The firm has a fifty day moving average of $104.13 and a two-hundred day moving average of $110.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results 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 net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. As a group, research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

DSGX has been the subject of a number of recent research reports. Stephens cut their target price on The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. Barclays decreased their price target on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Scotiabank lifted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 26th. Finally, StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.50.

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.