Alberta Investment Management Corp Has $11.78 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Alberta Investment Management Corp boosted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,687 shares of the technology company's stock after purchasing an additional 18,200 shares during the quarter. Alberta Investment Management Corp owned about 0.12% of The Descartes Systems Group worth $11,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in The Descartes Systems Group by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company's stock worth $326,238,000 after acquiring an additional 52,485 shares during the period. Fiera Capital Corp raised its holdings in The Descartes Systems Group by 0.8% in the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company's stock worth $265,692,000 after acquiring an additional 19,817 shares during the period. Geneva Capital Management LLC raised its holdings in The Descartes Systems Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company's stock worth $152,037,000 after acquiring an additional 19,002 shares during the period. Franklin Resources Inc. raised its holdings in The Descartes Systems Group by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company's stock worth $142,693,000 after acquiring an additional 40,807 shares during the period. Finally, National Bank of Canada FI raised its holdings in The Descartes Systems Group by 389.8% in the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company's stock worth $71,911,000 after acquiring an additional 556,408 shares during the period. Institutional investors and hedge funds own 77.73% of the company's stock.

Analysts Set New Price Targets

DSGX has been the topic of several recent analyst reports. Barclays upgraded shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Scotiabank raised their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, November 29th. Finally, 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. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of "Moderate Buy" and an average price target of $117.92.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock traded down $1.69 during trading on Friday, hitting $111.88. 213,446 shares of the company's stock traded hands, compared to its average volume of 246,399. The company has a market cap of $9.58 billion, a PE ratio of 70.37 and a beta of 0.99. The Descartes Systems Group Inc. has a twelve month low of $84.83 and a twelve month high of $124.31. The firm's fifty day moving average price is $115.68 and its 200 day moving average price is $109.29.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter last year, the business earned $0.31 earnings per share. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current 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.