Geneva Capital Management LLC trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,459,128 shares of the technology company's stock after selling 17,531 shares during the period. The Descartes Systems Group makes up 2.9% of Geneva Capital Management LLC's portfolio, making the stock its 7th biggest position. Geneva Capital Management LLC owned 1.71% of The Descartes Systems Group worth $165,757,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSGX. Mather Group LLC. increased its holdings in The Descartes Systems Group by 301.7% during the 4th 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 last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of The Descartes Systems Group during the fourth quarter worth approximately $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the fourth quarter worth $54,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 495 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Scotiabank boosted their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. CIBC lowered their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a report on Thursday. Stephens reduced their target price on The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays decreased their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Loop Capital assumed coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target on the stock. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.33.
Check Out Our Latest Stock Report on DSGX
The Descartes Systems Group Stock Performance
Shares of The Descartes Systems Group stock traded down $4.02 during trading on Monday, hitting $96.40. 752,161 shares of the stock were exchanged, compared to its average volume of 184,725. The Descartes Systems Group Inc. has a 12 month low of $87.20 and a 12 month high of $124.31. The stock's fifty day moving average is $114.29 and its 200 day moving average is $110.25. The stock has a market cap of $8.25 billion, a PE ratio of 60.63 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 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%. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
The Descartes Systems Group Profile
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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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