The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Acquired by Creative Planning

Creative Planning raised its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 70.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,762 shares of the technology company's stock after purchasing an additional 5,275 shares during the quarter. Creative Planning's holdings in The Descartes Systems Group were worth $1,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DSGX. Westfield Capital Management Co. LP bought a new position in shares of The Descartes Systems Group in the first quarter worth about $47,481,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of The Descartes Systems Group by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company's stock valued at $695,864,000 after purchasing an additional 278,796 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of The Descartes Systems Group in the second quarter valued at approximately $20,608,000. Grandeur Peak Global Advisors LLC bought a new position in The Descartes Systems Group in the first quarter worth approximately $19,264,000. Finally, Zeno Equity Partners LLP bought a new stake in The Descartes Systems Group during the 4th quarter valued at $11,108,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock traded down $0.44 during trading hours on Thursday, hitting $104.05. 173,605 shares of the stock traded hands, compared to its average volume of 152,731. The firm's 50 day moving average price is $99.52 and its 200-day moving average price is $96.92. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 74.32 and a beta of 0.97. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $105.12.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The Descartes Systems Group's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. Research analysts forecast that The Descartes Systems Group Inc. will post 1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DSGX shares. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the company an "outperform" rating in a research note on Thursday, September 26th. Barclays upped their price target on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the stock an "underweight" rating in a research report on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the company a "buy" rating in a report on Thursday, September 5th. BMO Capital Markets upped their target price on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a report on Thursday, September 5th. Finally, National Bank Financial raised The Descartes Systems Group to a "strong-buy" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.83.

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.