Legacy Wealth Asset Management LLC Sells 404 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Legacy Wealth Asset Management LLC lessened its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,367 shares of the technology company’s stock after selling 404 shares during the period. Legacy Wealth Asset Management LLC’s holdings in The Descartes Systems Group were worth $382,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DSGX. Argent Capital Management LLC boosted its position in shares of The Descartes Systems Group by 15.3% during the 4th quarter. Argent Capital Management LLC now owns 58,410 shares of the technology company’s stock valued at $6,635,000 after purchasing an additional 7,729 shares in the last quarter. Park Avenue Securities LLC boosted its stake in The Descartes Systems Group by 18.0% during the fourth quarter. Park Avenue Securities LLC now owns 4,497 shares of the technology company’s stock worth $511,000 after acquiring an additional 686 shares in the last quarter. First Hawaiian Bank grew its holdings in The Descartes Systems Group by 1.8% in the fourth quarter. First Hawaiian Bank now owns 16,954 shares of the technology company’s stock worth $1,926,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC grew its holdings in The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after purchasing an additional 495 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in The Descartes Systems Group by 12.1% in the third quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company’s stock valued at $69,282,000 after purchasing an additional 72,501 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Price Performance

Shares of DSGX stock opened at $115.85 on Friday. The Descartes Systems Group Inc. has a 1 year low of $84.11 and a 1 year high of $122.88. The company’s fifty day simple moving average is $115.53 and its two-hundred day simple moving average is $106.30. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 72.86 and a beta of 0.99.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Securities raised their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Loop Capital began coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price objective on the stock. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Finally, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus price target 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.