Point72 Asset Management L.P. Buys Shares of 5,620 The Descartes Systems Group Inc. (NASDAQ:DSGX)

Point72 Asset Management L.P. bought a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,620 shares of the technology company's stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. increased its stake in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. GeoWealth Management LLC increased its holdings 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 valued at $39,000 after acquiring an additional 132 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group during the fourth quarter worth approximately $43,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of The Descartes Systems Group in the 4th quarter worth $57,000. Finally, Optiver Holding B.V. bought a new position in shares of The Descartes Systems Group in the 4th quarter worth $66,000. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 0.7%

NASDAQ DSGX traded up $0.75 during trading on Monday, hitting $114.95. The company had a trading volume of 313,119 shares, compared to its average volume of 209,808. The company's fifty day moving average is $104.84 and its 200-day moving average is $110.74. The Descartes Systems Group Inc. has a one year low of $89.00 and a one year high of $124.31. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 72.30 and a beta of 0.88.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. As a group, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

DSGX has been the subject of several recent research reports. CIBC decreased their price target on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Stephens lowered 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 note on Wednesday, April 9th. Barclays lowered their target price on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Scotiabank increased their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 26th. Finally, Wall Street Zen cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $122.18.

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.