Aquatic Capital Management LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,202 shares of the technology company's stock, valued at approximately $932,000.
Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in 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 in the last quarter. GeoWealth Management LLC boosted its stake in The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after buying an additional 132 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the fourth quarter worth about $43,000. Trust Co. of Vermont bought a new stake in The Descartes Systems Group in the fourth quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its holdings in 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. 77.73% of the stock is owned by institutional investors and hedge funds.
The Descartes Systems Group Price Performance
NASDAQ:DSGX traded down $0.12 during midday trading on Tuesday, reaching $107.56. The stock had a trading volume of 36,891 shares, compared to its average volume of 202,244. The stock has a market capitalization of $9.21 billion, a P/E ratio of 67.67 and a beta of 0.88. The Descartes Systems Group Inc. has a 1-year low of $89.00 and a 1-year high of $124.31. The firm's fifty day simple moving average is $102.39 and its 200-day simple moving average is $110.26.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on DSGX. BMO Capital Markets reduced their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. Barclays decreased their price target on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Scotiabank boosted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. Finally, Stephens decreased their target price on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.50.
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The Descartes Systems Group Company Profile
(
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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