Russell Investments Group Ltd. Sells 30,678 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Russell Investments Group Ltd. lessened its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,919 shares of the technology company's stock after selling 30,678 shares during the period. Russell Investments Group Ltd. owned 0.26% of The Descartes Systems Group worth $25,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in 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 purchasing an additional 181 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at approximately $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $54,000. GAMMA Investing LLC boosted its position in shares of The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after acquiring an additional 495 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $57,000. 77.73% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have weighed in on DSGX. Scotiabank upped their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 26th. StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Stephens reduced their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Barclays lowered 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 note on Thursday, March 6th. Finally, Loop Capital began coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $119.50.

The Descartes Systems Group Stock Performance

Shares of DSGX stock traded up $0.67 on Monday, hitting $102.41. The company had a trading volume of 36,370 shares, compared to its average volume of 206,942. The stock's 50-day moving average is $106.10 and its two-hundred day moving average is $110.22. The firm has a market cap of $8.77 billion, a P/E ratio of 64.41 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 quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million for 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 predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

The Descartes Systems Group Company 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.