Calamos Advisors LLC Sells 15,256 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Calamos Advisors LLC lessened its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 41.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,162 shares of the technology company's stock after selling 15,256 shares during the quarter. Calamos Advisors LLC's holdings in The Descartes Systems Group were worth $2,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSGX. Trust Co. of Vermont bought a new position in The Descartes Systems Group during the fourth quarter valued at approximately $54,000. GAMMA Investing LLC raised its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. grew its holdings in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock valued at $63,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $90,000. Finally, Avanza Fonder AB acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $118,000. Institutional investors own 77.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DSGX. Scotiabank increased their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a report on Wednesday, December 4th. TD Securities increased their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. BMO Capital Markets increased their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Royal Bank of Canada raised their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, November 29th. Finally, Stephens upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Saturday, February 1st. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.92.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX traded up $0.92 during midday trading on Friday, reaching $119.85. 255,967 shares of the company traded hands, compared to its average volume of 188,525. The firm has a market cap of $10.26 billion, a PE ratio of 75.38 and a beta of 0.99. The stock's 50-day simple moving average is $116.33 and its 200-day simple moving average is $108.12. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $122.88.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (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 period in the prior year, the firm earned $0.31 EPS. On average, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.