Artisan Partners Limited Partnership Sells 104,200 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Artisan Partners Limited Partnership lessened its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,935 shares of the technology company's stock after selling 104,200 shares during the period. Artisan Partners Limited Partnership owned approximately 0.30% of The Descartes Systems Group worth $29,283,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Mather Group LLC. raised its position in shares of The Descartes Systems Group by 301.7% during 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at approximately $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at approximately $54,000. GAMMA Investing LLC increased its position in shares of 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 valued at $57,000 after purchasing an additional 495 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in The Descartes Systems Group during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Price Performance

NASDAQ DSGX traded up $1.37 during trading on Wednesday, reaching $103.24. 85,524 shares of the company's stock traded hands, compared to its average volume of 196,976. The Descartes Systems Group Inc. has a 12-month low of $87.20 and a 12-month high of $124.31. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 64.94 and a beta of 0.99. The company's 50 day simple moving average is $110.06 and its two-hundred day simple moving average is $110.44.

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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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

DSGX has been the subject of several recent analyst reports. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 26th. Stephens dropped their price target on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. Finally, TD Securities increased their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and an average price target of $120.50.

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.