Entropy Technologies LP Purchases Shares of 3,600 The Descartes Systems Group Inc. (NASDAQ:DSGX)

Entropy Technologies LP bought a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,600 shares of the technology company's stock, valued at approximately $409,000.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position 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. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group in the fourth quarter valued at $54,000. GAMMA Investing LLC raised its stake in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. raised its stake in shares of The Descartes Systems Group by 931.7% in 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 in the last quarter. Finally, R Squared Ltd acquired a new position in The Descartes Systems Group during the fourth quarter worth $90,000. Institutional investors own 77.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on DSGX shares. Stephens upgraded The Descartes Systems Group to a "strong-buy" rating in a research note on Saturday, February 1st. Barclays upgraded The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $88.00 to $125.00 in a report on Friday, November 15th. BMO Capital Markets raised 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. Scotiabank raised 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. Finally, StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. 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. According to data from MarketBeat, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.92.

The Descartes Systems Group Trading Down 0.2 %

Shares of NASDAQ DSGX traded down $0.24 during mid-day trading on Friday, reaching $116.54. 172,250 shares of the company's stock were exchanged, compared to its average volume of 188,525. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 73.30 and a beta of 0.99. The business has a fifty day simple moving average of $116.26 and a 200 day simple moving average of $108.84. The Descartes Systems Group Inc. has a twelve month low of $84.12 and a twelve month high of $124.31.

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 return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the business posted $0.31 EPS. Equities research analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

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.