The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190,943 shares of the technology company’s stock after selling 33,051 shares during the quarter. Stephens Investment Management Group LLC’s holdings in The Descartes Systems Group were worth $19,659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DSGX. Capstone Investment Advisors LLC acquired a new stake in shares of The Descartes Systems Group in the first quarter valued at approximately $565,000. Tobam increased its holdings in shares of The Descartes Systems Group by 172.1% in the first quarter. Tobam now owns 1,423 shares of the technology company’s stock valued at $130,000 after purchasing an additional 900 shares during the last quarter. Whittier Trust Co. increased its stake in The Descartes Systems Group by 38.5% during the first quarter. Whittier Trust Co. now owns 7,721 shares of the technology company’s stock worth $707,000 after acquiring an additional 2,146 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in The Descartes Systems Group by 703.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after acquiring an additional 429 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in The Descartes Systems Group during the first quarter worth $28,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DSGX. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Barclays raised their target price on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research note on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of The Descartes Systems Group in a research note on Thursday, September 5th. National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.17.

The Descartes Systems Group Trading Up 2.3 %

NASDAQ:DSGX opened at $106.27 on Friday. The firm has a market cap of $9.08 billion, a PE ratio of 71.80 and a beta of 0.97. The stock has a fifty day moving average price of $102.08 and a 200 day moving average price of $98.49. The Descartes Systems Group Inc. has a 12-month low of $72.67 and a 12-month high of $108.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. Equities analysts forecast that The Descartes Systems Group Inc. will post 1.69 EPS for the current 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.