Assetmark Inc. grew its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 58.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,268 shares of the technology company's stock after purchasing an additional 3,429 shares during the quarter. Assetmark Inc.'s holdings in The Descartes Systems Group were worth $1,053,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mather Group LLC. grew its holdings 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 worth $27,000 after purchasing an additional 181 shares during the period. SBI Securities Co. Ltd. bought a new stake in The Descartes Systems Group in the fourth quarter valued at approximately $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at approximately $54,000. GAMMA Investing LLC boosted its stake 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 worth $57,000 after acquiring an additional 495 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 77.73% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on DSGX shares. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Loop Capital started coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They set a "buy" rating and a $140.00 target price for the company. Royal Bank of Canada decreased their price target on shares of The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. TD Securities boosted their price objective 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. Finally, Scotiabank lifted their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $120.33.
Get Our Latest Stock Analysis on DSGX
The Descartes Systems Group Stock Performance
Shares of NASDAQ DSGX opened at $97.92 on Wednesday. The stock has a market capitalization of $8.38 billion, a P/E ratio of 61.58 and a beta of 0.99. The stock's fifty day moving average is $113.94 and its 200 day moving average is $110.22. The Descartes Systems Group Inc. has a 52 week low of $87.20 and a 52 week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The business 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 research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
About The Descartes Systems Group
(
Free Report)
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.
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