Calamos Advisors LLC Sells 13,078 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Calamos Advisors LLC decreased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 61.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,084 shares of the technology company's stock after selling 13,078 shares during the quarter. Calamos Advisors LLC's holdings in The Descartes Systems Group were worth $815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DSGX. Mackenzie Financial Corp grew its holdings in The Descartes Systems Group by 130.4% in the 4th quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company's stock valued at $561,827,000 after buying an additional 2,800,492 shares during the period. Norges Bank acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at about $126,918,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of The Descartes Systems Group by 114.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company's stock valued at $136,175,000 after purchasing an additional 639,848 shares in the last quarter. Praesidium Investment Management Company LLC acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at about $54,724,000. Finally, Franklin Resources Inc. lifted its stake in shares of The Descartes Systems Group by 23.9% in the 4th quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company's stock valued at $192,502,000 after purchasing an additional 326,643 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 1.5%

NASDAQ:DSGX traded up $1.54 during mid-day trading on Thursday, hitting $104.41. 465,183 shares of the company's stock traded hands, compared to its average volume of 245,515. The firm has a 50 day moving average of $106.59 and a two-hundred day moving average of $108.04. The Descartes Systems Group Inc. has a 12 month low of $90.61 and a 12 month high of $124.31. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 62.90 and a beta of 0.82.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The Descartes Systems Group had a return on equity of 10.53% and a net margin of 21.67%. The firm had revenue of $168.74 million during the quarter, compared to the consensus estimate of $169.60 million. During the same quarter in the prior year, the business posted $0.40 EPS. The Descartes Systems Group's revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DSGX shares. Scotiabank lifted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. Stephens cut their target price on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Barclays cut their target price on The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada cut their target price on The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, June 5th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.40.

The Descartes Systems Group Profile

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.