George Kaiser Family Foundation Makes New $3.93 Million Investment in The Descartes Systems Group Inc. (NASDAQ:DSGX)

George Kaiser Family Foundation bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to its most recent filing with the SEC. The firm bought 34,575 shares of the technology company's stock, valued at approximately $3,928,000. The Descartes Systems Group accounts for 0.6% of George Kaiser Family Foundation's holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its stake in shares of The Descartes Systems Group by 2.8% during the third quarter. FMR LLC now owns 150,654 shares of the technology company's stock valued at $15,503,000 after acquiring an additional 4,067 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in The Descartes Systems Group during the 3rd quarter worth approximately $926,000. Verition Fund Management LLC acquired a new position in shares of The Descartes Systems Group in the 3rd quarter valued at approximately $313,000. Royal London Asset Management Ltd. purchased a new position in shares of The Descartes Systems Group during the 3rd quarter valued at approximately $5,017,000. Finally, Quantinno Capital Management LP increased its stake in shares of The Descartes Systems Group by 7.0% in the third quarter. Quantinno Capital Management LP now owns 5,578 shares of the technology company's stock worth $574,000 after buying an additional 364 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on DSGX shares. Royal Bank of Canada reissued an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Loop Capital assumed coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They set a "buy" rating and a $140.00 target price on the stock. Scotiabank boosted their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 26th. Finally, CIBC reduced their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has an average rating of "Moderate Buy" and an average price target of $120.50.

The Descartes Systems Group Stock Performance

NASDAQ DSGX traded up $0.84 on Wednesday, reaching $94.99. The company's stock had a trading volume of 127,375 shares, compared to its average volume of 204,967. The firm's 50 day moving average is $107.23 and its two-hundred day moving average is $110.26. The stock has a market cap of $8.13 billion, a PE ratio of 59.77 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting analysts' consensus estimates of $0.43. The firm had revenue of $167.50 million during 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 anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal 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.