Natixis Advisors LP Acquires Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Financial Advisors


Natixis Advisors LP raised a 21.9% stake in Descartes Systems Group (NASDAQ:DSGX – Get Rating) (TSE:DSG) in the fourth quarter, according to the company’s latest disclosure to the stock exchange for a fee. The fund held 21,786 shares in technology companies after he purchased an additional 3,919 shares during the period. Natixis Advisors LP’s holdings in The Descartes Systems Group were valued at $1,517,000 at the end of the most recent quarter.

Many other hedge funds and other institutional investors have also increased or decreased their stakes in DSGX. Captrust Financial Advisors increased its holding of Descartes Systems Group by 270.8% in the second quarter. Captrust Financial Advisors now owns 445 shares in the technology company worth $28,000 after purchasing an additional 325 shares in him during the previous quarter. Fred Alger Management LLC purchased new shares of The Descartes Systems Group in the third quarter for approximately $30,000. Barclays PLC increased its holding in Descartes Systems Group by 6,573.7% during the third quarter. Barclays PLC now owns 1,268 shares in the technology company worth $80,000 after he purchased an additional 1,249 shares during the last quarter. EverSource Wealth Advisors LLC increased its holding in Descartes Systems Group by 58.9% in the third quarter. EverSource Wealth Advisors LLC now owns 1,351 of his shares in the technology company worth $86,000 after purchasing an additional 501 shares last quarter. Finally, BNP Paribas Arbitrage SNC purchased a new stake in Descartes Systems Group in the third quarter for approximately $128,000. 80.35% of the shares are owned by hedge funds and other institutional investors.

Stock price of Descartes Systems Group

DSGX opened Thursday at $79.05. The stock has a market cap of $6.71 billion, a price/earnings ratio of 66.43 and a beta of 1.03. The company has a 50-day moving average of $77.35 and a 200-day moving average of $72.19. Descartes Systems Group Inc. has a 52-week low of $56.19 and a 52-week high of $82.02.

Descartes Systems Group (NASDAQ:DSGX – Get Rating) (TSE:DSG) last reported quarterly earnings data on Wednesday, March 1. The tech company had his EPS of $0.34 for the quarter, $0.03 above consensus expectations of $0.31. Descartes Systems Group’s net profit margin was 21.05% and return on equity was 9.74%. The business generated $125.1 million in revenue for the quarter, compared with analyst estimates of $123.54 million. During the same quarter last year, the business earned him $0.22 per share. Descartes Systems Group’s quarterly sales increased by 11.3% year-on-year. On average, equity research analysts forecast his earnings per share for Descartes Systems Group to be 1.44 this year.

Analyst sets new price target

Many analysts recently published reports on stocks. Royal Bank of Canada raised its stock price target for Descartes Systems Group to $95.00 from his $85.00, giving it an “outperform” rating in its research notes on Thursday, March 2. Raymond James raised The Descartes Systems Group’s stock price target from his $71.00 to his $73.00 in a research note on Thursday, March 2, giving the stock a “Market Performing” rating. StockNews.com covered shares in Descartes Systems Group in its research notes on Thursday, March 16th. They gave the company a “buy” rating.Stevens raised his stock price target for Descartes Systems Group to $90.00 from his $85.00 and gave it an “overweight” rating in a research note on Thursday, March 2. gave. Finally, TD Securities in his Friday, March 3 research notes raised his price target for Descartes Systems Group to $90.00 from $85.00, giving the stock a ‘buy’ rating. One research he analyst gave a sell rating, four issued a hold rating, and five issued a buy rating. Based on MarketBeat.com data, Descartes Systems Group’s current consensus rating is “pending” with an average target price of $78.78.

Descartes Systems Group Company Profile

(get rating)

Descartes Systems Group, Inc is committed to providing on-demand software-as-a-service solutions focused on improving productivity, performance and security for logistics-intensive businesses. Route, schedule, track, and measure delivery resources with a modular software-as-a-service solution. Shipment planning, allocation and execution. Evaluation, audit and payment of transportation invoices. access global trade data; submit customs and security documents for imports and exports; And join the world’s largest collaborative multimodal logistics community to complete a host of other logistics processes.

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Quarterly Institutional Ownership of Descartes Systems Group (NASDAQ:DSGX)

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