Two Sigma Advisers LP Sells 9,000 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Two Sigma Advisers LP trimmed its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the technology company's stock after selling 9,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.12% of The Descartes Systems Group worth $11,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. lifted its holdings in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after buying an additional 181 shares during the period. GeoWealth Management LLC lifted its holdings in The Descartes Systems Group by 63.2% in the 4th 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. SBI Securities Co. Ltd. purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $43,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $57,000. Finally, Optiver Holding B.V. purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $66,000. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Trading Down 0.9%

NASDAQ:DSGX traded down $1.00 during trading hours on Wednesday, reaching $115.93. 48,310 shares of the company traded hands, compared to its average volume of 209,385. The stock has a market capitalization of $9.92 billion, a P/E ratio of 72.82 and a beta of 0.88. The business's 50-day moving average price is $105.47 and its two-hundred day moving average price is $110.78. The Descartes Systems Group Inc. has a 1 year low of $89.00 and a 1 year 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. As a group, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

DSGX has been the subject of several research analyst reports. Wall Street Zen cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Scotiabank raised their target price 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 lowered their target price on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Barclays lowered their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Finally, 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. Four equities 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $122.18.

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.