The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 27.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,511 shares of the technology company’s stock after buying an additional 538 shares during the quarter. DGS Capital Management LLC’s holdings in The Descartes Systems Group were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in The Descartes Systems Group in the fourth quarter valued at about $54,000. GAMMA Investing LLC raised its position in shares of The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after buying an additional 587 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of The Descartes Systems Group during the fourth quarter worth approximately $118,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of The Descartes Systems Group by 28.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock worth $122,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analyst Upgrades and Downgrades

DSGX has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Scotiabank increased their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Loop Capital assumed coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective for the company. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, TD Securities boosted 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. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Trading Down 0.6 %

NASDAQ DSGX opened at $119.13 on Friday. The company has a 50-day moving average price of $116.00 and a two-hundred day moving average price of $107.02. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 74.92 and a beta of 0.99. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $122.88.

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