The Descartes Systems Group Inc. (NASDAQ:DSGX) Position Lifted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,176 shares of the technology company's stock after buying an additional 18,233 shares during the period. Stephens Investment Management Group LLC owned about 0.24% of The Descartes Systems Group worth $23,762,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. raised its position in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after buying an additional 181 shares during the last quarter. Trust Co. of Vermont acquired a new position in The Descartes Systems Group during the fourth quarter worth approximately $54,000. GAMMA Investing LLC increased its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. increased its position in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after purchasing an additional 587 shares during the last quarter. Finally, R Squared Ltd acquired a new position in The Descartes Systems Group during the fourth quarter worth approximately $90,000. Institutional investors and hedge funds own 77.73% of the company's stock.

Wall Street Analyst Weigh In

DSGX has been the subject of several research analyst reports. Barclays raised shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Stephens raised shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. TD Securities upped their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, November 29th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, The Descartes Systems Group currently has a consensus rating of "Moderate Buy" and an average target price of $117.92.

The Descartes Systems Group Stock Performance

Shares of DSGX stock traded up $2.73 on Thursday, hitting $116.78. The stock had a trading volume of 262,158 shares, compared to its average volume of 230,674. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 73.45 and a beta of 0.99. The stock's 50 day moving average is $116.40 and its 200-day moving average is $108.57. The Descartes Systems Group Inc. has a 52-week low of $84.12 and a 52-week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the previous year, the company earned $0.31 earnings per share. Equities analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current 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.