Two Sigma Investments LP Grows Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Two Sigma Investments LP lifted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 33.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,713 shares of the technology company's stock after buying an additional 43,092 shares during the quarter. Two Sigma Investments LP owned about 0.20% of The Descartes Systems Group worth $19,507,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of The Descartes Systems Group by 14.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock worth $96,000 after buying an additional 108 shares during the period. GeoWealth Management LLC increased its position 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 worth $39,000 after buying an additional 132 shares during the period. Shell Asset Management Co. increased its position in shares of The Descartes Systems Group by 1.8% during the fourth quarter. Shell Asset Management Co. now owns 9,714 shares of the technology company's stock worth $1,104,000 after buying an additional 172 shares during the period. Mather Group LLC. grew its holdings in The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the period. Finally, Allworth Financial LP grew its holdings in The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after purchasing an additional 182 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on DSGX shares. Wall Street Zen cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. Barclays reduced their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. BMO Capital Markets reduced their price target 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. Finally, Scotiabank raised 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 report on Wednesday, March 26th. Four 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 stock. Based on data from MarketBeat, The Descartes Systems Group has an average rating of "Moderate Buy" and an average target price of $122.18.

The Descartes Systems Group Stock Down 0.9%

The Descartes Systems Group stock traded down $1.01 during midday trading on Wednesday, hitting $115.92. 48,310 shares of the stock were exchanged, compared to its average volume of 209,385. The Descartes Systems Group Inc. has a 52-week low of $89.00 and a 52-week high of $124.31. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 72.82 and a beta of 0.88. The business's 50-day moving average price is $105.47 and its 200-day moving average price is $110.78.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. On average, sell-side analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal 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.