GAMMA Investing LLC increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 9,983.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,919 shares of the technology company's stock after acquiring an additional 50,414 shares during the period. GAMMA Investing LLC owned about 0.06% of The Descartes Systems Group worth $5,134,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. GeoWealth Management LLC boosted its position in The Descartes Systems Group by 63.2% in 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. bought a new position in shares of The Descartes Systems Group during the fourth quarter valued at $43,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of The Descartes Systems Group during the fourth quarter valued at $57,000. Optiver Holding B.V. bought a new position in shares of The Descartes Systems Group during the fourth quarter valued at $66,000. Finally, Allworth Financial LP raised its stake in shares of The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.
The Descartes Systems Group Price Performance
Shares of NASDAQ:DSGX traded down $1.47 during trading on Friday, hitting $99.20. 738,407 shares of the company were exchanged, compared to its average volume of 225,193. The company has a market cap of $8.49 billion, a PE ratio of 62.39 and a beta of 0.87. The stock has a 50 day moving average of $107.12 and a 200 day moving average of $110.08. The Descartes Systems Group Inc. has a 52-week low of $90.61 and a 52-week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, June 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.05). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $168.74 million for the quarter, compared to analysts' expectations of $169.60 million. During the same quarter in the prior year, the company earned $0.40 EPS. The company's revenue was up 11.5% on a year-over-year basis. Sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of 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 reduced their price target 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. BMO Capital Markets reduced their price objective 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. CIBC cut their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Barclays cut their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating on the stock in a report on Thursday, June 5th. Three 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 data from MarketBeat.com, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average target price of $123.40.
View Our Latest Stock Report on DSGX
About The Descartes Systems Group
(
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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