Calamos Wealth Management LLC bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,790 shares of the technology company's stock, valued at approximately $1,339,000.
Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new position in The Descartes Systems Group in the fourth quarter valued at approximately $54,000. GAMMA Investing LLC lifted 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 acquiring an additional 495 shares during the period. Blue Trust Inc. boosted its stake 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 worth $63,000 after acquiring an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in The Descartes Systems Group in the fourth quarter worth $90,000. Finally, Avanza Fonder AB bought a new stake in The Descartes Systems Group in the fourth quarter valued at $118,000. Institutional investors and hedge funds own 77.73% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Barclays raised shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Loop Capital assumed coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price objective for the company. Royal Bank of Canada upped their target price on 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. TD Securities lifted their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.92.
Check Out Our Latest Research Report on DSGX
The Descartes Systems Group Price Performance
Shares of NASDAQ DSGX traded up $1.50 during midday trading on Thursday, reaching $118.93. The company's stock had a trading volume of 199,044 shares, compared to its average volume of 195,068. The stock has a market capitalization of $10.18 billion, a P/E ratio of 74.80 and a beta of 0.99. The firm has a 50 day moving average price of $116.22 and a 200-day moving average price of $107.91. 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 posted its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS 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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