LPL Financial LLC Boosts Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

LPL Financial LLC raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,375 shares of the technology company's stock after acquiring an additional 5,435 shares during the quarter. LPL Financial LLC's holdings in The Descartes Systems Group were worth $2,428,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Mather Group LLC. boosted its position in The Descartes Systems Group by 301.7% during 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. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group in the 4th quarter valued at $43,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group in the 4th quarter worth $54,000. GAMMA Investing LLC lifted 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 acquiring an additional 495 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after purchasing an additional 182 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DSGX has been the subject of several recent analyst reports. 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 note on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Scotiabank raised their price objective 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, Stephens cut 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 research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $119.50.

The Descartes Systems Group Price Performance

NASDAQ DSGX traded down $0.78 during trading on Friday, reaching $102.32. The company's stock had a trading volume of 135,800 shares, compared to its average volume of 208,049. The Descartes Systems Group Inc. has a one year low of $89.00 and a one year high of $124.31. The stock has a market capitalization of $8.76 billion, a PE ratio of 64.35 and a beta of 0.97. The firm has a fifty day moving average of $104.73 and a 200 day moving average of $110.12.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) 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 firm had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. Research analysts expect 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.