SG Americas Securities LLC Buys Shares of 8,947 The Descartes Systems Group Inc. (NASDAQ:DSGX)

SG Americas Securities LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,947 shares of the technology company's stock, valued at approximately $921,000.

Other hedge funds also recently modified their holdings of the company. Zeno Equity Partners LLP purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth about $11,108,000. Goldman Sachs Group Inc. lifted its position in shares of The Descartes Systems Group by 24.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 509,683 shares of the technology company's stock worth $42,844,000 after acquiring an additional 99,268 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Descartes Systems Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,096,740 shares of the technology company's stock worth $260,312,000 after acquiring an additional 31,078 shares during the period. Accent Capital Management LLC purchased a new position in shares of The Descartes Systems Group in the fourth quarter valued at $32,000. Finally, Quadrature Capital Ltd raised its stake in shares of The Descartes Systems Group by 13.6% during the 4th quarter. Quadrature Capital Ltd now owns 156,000 shares of the technology company's stock valued at $13,131,000 after purchasing an additional 18,700 shares during the period. Institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Stock Up 1.6 %

Shares of The Descartes Systems Group stock traded up $1.65 during trading on Friday, reaching $105.70. The company's stock had a trading volume of 129,813 shares, compared to its average volume of 152,618. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 75.50 and a beta of 0.97. The firm's 50-day moving average is $99.72 and its two-hundred day moving average is $97.04. The Descartes Systems Group Inc. has a 52-week low of $69.59 and a 52-week high of $106.22.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $163.43 million for the quarter, compared to analysts' expectations of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on DSGX shares. Barclays raised their target price on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an "underweight" rating in a research note on Thursday, September 5th. National Bank Financial raised shares of The Descartes Systems Group to a "strong-buy" rating in a report on Wednesday, September 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 target price on shares of The Descartes Systems Group in a research note on Thursday, September 5th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets increased their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.