Aigen Investment Management LP Increases Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Aigen Investment Management LP boosted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 183.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,603 shares of the technology company's stock after purchasing an additional 4,917 shares during the quarter. Aigen Investment Management LP's holdings in The Descartes Systems Group were worth $864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Avior Wealth Management LLC increased its stake in The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company's stock valued at $440,000 after buying an additional 117 shares during the period. Mather Group LLC. increased its stake 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 valued at $27,000 after buying an additional 181 shares during the period. Allworth Financial LP increased its stake in The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after buying an additional 182 shares during the period. Assetmark Inc. increased its stake in The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company's stock valued at $601,000 after buying an additional 197 shares during the period. Finally, Stephens Inc. AR increased its stake in The Descartes Systems Group by 2.4% in the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company's stock valued at $1,038,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DSGX shares. TD Securities boosted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Scotiabank boosted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Wednesday, December 4th. Stephens lowered their price target on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday. 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 on the stock in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has an average rating of "Moderate Buy" and a consensus target price of $120.33.

The Descartes Systems Group Stock Performance

NASDAQ DSGX traded down $1.29 during trading hours on Friday, reaching $100.42. The company's stock had a trading volume of 879,590 shares, compared to its average volume of 272,150. The stock has a market cap of $8.60 billion, a PE ratio of 63.16 and a beta of 0.99. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $124.31. The company's 50-day moving average is $114.29 and its two-hundred day moving average is $110.11.

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, meeting analysts' consensus estimates of $0.43. The firm had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Equities analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share 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.