DGS Capital Management LLC Boosts Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

DGS Capital Management LLC raised its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 27.3% during the 4th quarter, according to its most recent filing with the SEC. 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 filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of The Descartes Systems Group during the 4th quarter worth approximately $54,000. GAMMA Investing LLC boosted its position in shares of 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 worth $57,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. grew 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 worth $63,000 after purchasing an additional 587 shares during the period. Avanza Fonder AB acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at about $118,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in The Descartes Systems Group by 28.6% during 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 in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 0.6 %

Shares of NASDAQ:DSGX opened at $119.13 on Friday. The business has a fifty day simple moving average of $116.00 and a 200-day simple moving average of $107.02. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $122.88. The company has a market cap of $10.19 billion, a P/E ratio of 74.92 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the business earned $0.31 EPS. Sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DSGX shares. Loop Capital started coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target for the company. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Royal Bank of Canada raised their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 29th. Scotiabank increased their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, TD Securities lifted their target price on shares of 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. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock 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.