The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 601,962 shares of the technology company’s stock after selling 11,990 shares during the quarter. GW&K Investment Management LLC owned about 0.70% of The Descartes Systems Group worth $68,383,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake in The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after buying an additional 117 shares in the last quarter. Mather Group LLC. boosted its position in shares of The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Allworth Financial LP grew its stake in shares of The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after purchasing an additional 182 shares during the last quarter. Assetmark Inc. raised its holdings in shares of The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after purchasing an additional 197 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in The Descartes Systems Group by 2.4% during the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 238 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Securities upped their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Price Performance

Shares of DSGX stock opened at $110.27 on Friday. The Descartes Systems Group Inc. has a fifty-two week low of $84.83 and a fifty-two week high of $124.31. The stock’s 50-day moving average is $115.29 and its two-hundred day moving average is $109.73. The firm has a market cap of $9.44 billion, a P/E ratio of 69.35 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the company posted $0.31 earnings per share. As a group, research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.