EAM Global Investors LLC Makes New Investment in The Descartes Systems Group Inc. (NASDAQ:DSGX)

EAM Global Investors LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,990 shares of the technology company's stock, valued at approximately $2,953,000.

Several other institutional investors and hedge funds have also bought and sold shares of DSGX. Wellington Management Group LLP grew its position in The Descartes Systems Group by 4.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,519 shares of the technology company's stock worth $775,000 after purchasing an additional 347 shares during the period. Jane Street Group LLC increased its position in shares of The Descartes Systems Group by 20.4% during the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock valued at $1,368,000 after purchasing an additional 2,250 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of The Descartes Systems Group in the 3rd quarter worth approximately $1,558,000. Barclays PLC grew its position in The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after buying an additional 270 shares during the period. Finally, Geode Capital Management LLC increased its holdings in The Descartes Systems Group by 10.7% during the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company's stock valued at $50,277,000 after buying an additional 46,523 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.

Analysts Set New Price Targets

DSGX has been the topic of several research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. Scotiabank boosted 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. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays cut their price target on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Finally, Stephens dropped their price target 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. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, The Descartes Systems Group currently has a consensus rating of "Moderate Buy" and an average price target of $119.50.

The Descartes Systems Group Stock Down 1.6 %

NASDAQ DSGX traded down $1.64 on Monday, hitting $100.69. The stock had a trading volume of 95,226 shares, compared to its average volume of 206,513. The company's 50-day moving average is $104.41 and its two-hundred day moving average is $110.25. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 63.33 and a beta of 0.97. The Descartes Systems Group Inc. has a one year low of $89.00 and a one year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted 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 company had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.