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

Stephens Investment Management Group LLC raised its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 209,176 shares of the technology company’s stock after purchasing an additional 18,233 shares during the period. Stephens Investment Management Group LLC’s holdings in The Descartes Systems Group were worth $23,762,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DSGX. Mather Group LLC. grew its stake in The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group in the 4th quarter worth approximately $54,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 495 shares during the last quarter. Blue Trust Inc. raised its position 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 acquiring an additional 587 shares in the last quarter. Finally, R Squared Ltd bought a new position in The Descartes Systems Group during the fourth quarter worth $90,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 0.8 %

Shares of DSGX opened at $119.85 on Monday. The Descartes Systems Group Inc. has a 52-week low of $84.12 and a 52-week high of $122.88. The firm has a market capitalization of $10.26 billion, a PE ratio of 75.38 and a beta of 0.99. The firm has a 50-day moving average price of $116.33 and a 200 day moving average price of $108.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (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 quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on DSGX shares. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday. Scotiabank increased their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $88.00 to $125.00 in a research note on Friday, November 15th. TD Securities increased their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.92.

About The Descartes Systems Group

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.