Jane Street Group LLC Acquires 44,222 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Jane Street Group LLC boosted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 332.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,512 shares of the technology company's stock after purchasing an additional 44,222 shares during the period. Jane Street Group LLC owned about 0.07% of The Descartes Systems Group worth $6,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Barclays PLC grew its stake in The Descartes Systems Group by 2.8% during the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company's stock worth $1,031,000 after purchasing an additional 270 shares in the last quarter. GAMMA Investing LLC increased its position in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after purchasing an additional 495 shares during the period. Park Avenue Securities LLC lifted its holdings in The Descartes Systems Group by 18.0% in the fourth quarter. Park Avenue Securities LLC now owns 4,497 shares of the technology company's stock valued at $511,000 after acquiring an additional 686 shares during the period. Argent Capital Management LLC lifted its stake in shares of The Descartes Systems Group by 15.3% in the fourth quarter. Argent Capital Management LLC now owns 58,410 shares of the technology company's stock valued at $6,635,000 after purchasing an additional 7,729 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $118,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Scotiabank increased their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a research note on Friday, March 28th. CIBC decreased 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 report on Thursday, March 6th. Barclays lowered their target price on shares of 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, BMO Capital Markets lowered 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 research report on Thursday, March 6th. Four 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.18.

The Descartes Systems Group Stock Up 0.4%

NASDAQ:DSGX traded up $0.44 during mid-day trading on Thursday, reaching $112.93. 65,515 shares of the company were exchanged, compared to its average volume of 286,094. The Descartes Systems Group Inc. has a 12 month low of $89.00 and a 12 month high of $124.31. The stock has a market cap of $9.67 billion, a PE ratio of 70.96 and a beta of 0.88. The company has a fifty day moving average of $102.73 and a 200 day moving average of $110.42.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $169.97 million. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

The Descartes Systems Group Company 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.