Hillsdale Investment Management Inc. Purchases 77,060 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Hillsdale Investment Management Inc. increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 192,650.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,100 shares of the technology company’s stock after acquiring an additional 77,060 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in The Descartes Systems Group were worth $8,754,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. increased its stake in 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. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the 4th quarter valued at approximately $43,000. Trust Co. of Vermont acquired a new position in The Descartes Systems Group during the 4th quarter valued at approximately $54,000. GAMMA Investing LLC increased its stake in The Descartes Systems Group by 4,950.0% during 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. Finally, Allworth Financial LP increased its stake in The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $101.15 on Friday. The company’s fifty day moving average price is $111.47 and its 200 day moving average price is $110.03. The Descartes Systems Group Inc. has a 1 year low of $87.20 and a 1 year high of $124.31. The company has a market capitalization of $8.66 billion, a PE ratio of 63.62 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, equities analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

DSGX has been the topic of several recent research reports. Loop Capital initiated coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. Barclays dropped their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets dropped their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada dropped their price objective on shares of The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, TD Securities upped their price objective on shares of 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 research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.33.

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.