EAM Investors LLC Invests $1.24 Million in The Descartes Systems Group Inc. (NASDAQ:DSGX)

EAM Investors LLC bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,903 shares of the technology company's stock, valued at approximately $1,239,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank bought a new position in The Descartes Systems Group in the 4th quarter worth $126,918,000. Arrowstreet Capital Limited Partnership increased its position in shares of The Descartes Systems Group by 114.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company's stock valued at $136,175,000 after buying an additional 639,848 shares during the period. Franklin Resources Inc. increased its position in shares of The Descartes Systems Group by 23.9% during the fourth quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company's stock valued at $192,502,000 after buying an additional 326,643 shares during the period. Vontobel Holding Ltd. raised its stake in The Descartes Systems Group by 104.5% in the fourth quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company's stock worth $48,819,000 after buying an additional 219,736 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in The Descartes Systems Group during the 4th quarter valued at approximately $19,392,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Trading Down 0.1 %

DSGX stock traded down $0.07 on Tuesday, hitting $100.19. The company had a trading volume of 69,240 shares, compared to its average volume of 206,547. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 63.08 and a beta of 0.97. The stock's 50-day simple moving average is $104.13 and its 200 day simple moving average is $110.24. The Descartes Systems Group Inc. has a 12-month low of $89.00 and a 12-month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data 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 company had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. Research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. CIBC lowered their target price on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Scotiabank increased their price target 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. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. BMO Capital Markets dropped their price target on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Finally, Stephens reduced their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average price target of $119.50.

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.