T. Rowe Price Investment Management Inc. Has $200.72 Million Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

T. Rowe Price Investment Management Inc. increased its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,766,861 shares of the technology company’s stock after acquiring an additional 101,290 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in The Descartes Systems Group were worth $200,716,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DSGX. Norges Bank bought a new stake in shares of The Descartes Systems Group in the fourth quarter valued at approximately $126,918,000. Arrowstreet Capital Limited Partnership boosted its holdings in The Descartes Systems Group by 114.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company’s stock valued at $136,175,000 after purchasing an additional 639,848 shares during the period. Franklin Resources Inc. grew its position in The Descartes Systems Group by 23.9% in the 4th quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company’s stock worth $192,502,000 after purchasing an additional 326,643 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of The Descartes Systems Group by 104.5% during the 4th quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company’s stock worth $48,819,000 after purchasing an additional 219,736 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of The Descartes Systems Group during the fourth quarter valued at about $19,392,000. Institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank raised their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 26th. Stephens lowered their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. Finally, BMO Capital Markets lowered their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus price target of $119.50.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $103.22 on Thursday. The business’s 50 day simple moving average is $103.54 and its 200-day simple moving average is $110.12. The Descartes Systems Group Inc. has a one year low of $89.00 and a one year high of $124.31. The company has a market capitalization of $8.84 billion, a P/E ratio of 64.92 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. On average, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

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.