Schonfeld Strategic Advisors LLC purchased a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,900 shares of the technology company's stock, valued at approximately $1,125,000.
Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of The Descartes Systems Group by 14.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock worth $96,000 after purchasing an additional 108 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after purchasing an additional 132 shares during the last quarter. Mather Group LLC. lifted its position in shares of The Descartes Systems Group by 301.7% during 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 during the last quarter. Allworth Financial LP raised its stake in The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after acquiring an additional 182 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its stake in The Descartes Systems Group by 1.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock worth $2,677,000 after acquiring an additional 222 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on DSGX shares. Stephens dropped their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. 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 research note on Thursday, March 6th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. CIBC dropped their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Scotiabank increased their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.50.
View Our Latest Analysis on DSGX
The Descartes Systems Group Stock Performance
Shares of NASDAQ:DSGX traded up $0.43 during trading hours on Tuesday, hitting $113.60. The stock had a trading volume of 122,841 shares, compared to its average volume of 205,120. The Descartes Systems Group Inc. has a 1-year low of $89.00 and a 1-year high of $124.31. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 71.45 and a beta of 0.88. The stock's fifty day simple moving average is $102.24 and its 200 day simple moving average is $110.38.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The firm had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. As a group, research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
About The Descartes Systems Group
(
Free Report)
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.
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