Claret Asset Management Corp Sells 200 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Claret Asset Management Corp cut its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,544 shares of the technology company’s stock after selling 200 shares during the period. Claret Asset Management Corp’s holdings in The Descartes Systems Group were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. grew 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 valued at $27,000 after acquiring an additional 181 shares during the last quarter. GeoWealth Management LLC boosted its stake 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 valued at $39,000 after purchasing an additional 132 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group during the fourth quarter valued at about $43,000. Trust Co. of Vermont purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of The Descartes Systems Group during the 4th quarter valued at about $57,000. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 0.8 %

Shares of The Descartes Systems Group stock opened at $102.32 on Friday. The firm has a market capitalization of $8.76 billion, a P/E ratio of 64.35 and a beta of 0.97. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The firm’s 50 day moving average is $104.73 and its two-hundred day moving average is $110.12.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $169.97 million. As a group, research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank boosted their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 26th. Barclays cut their target price on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. BMO Capital Markets reduced their target price 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. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. Five equities research 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. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus price target of $119.50.

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.