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

Stephens Investment Management Group LLC reduced its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,943 shares of the technology company’s stock after selling 33,051 shares during the period. Stephens Investment Management Group LLC owned approximately 0.22% of The Descartes Systems Group worth $19,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of The Descartes Systems Group in the first quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after purchasing an additional 429 shares during the period. Intact Investment Management Inc. acquired a new position in shares of The Descartes Systems Group in the second quarter valued at about $61,000. Blue Trust Inc. increased its holdings in shares of The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after purchasing an additional 587 shares during the period. Finally, Andra AP fonden acquired a new position in shares of The Descartes Systems Group in the second quarter valued at about $77,000. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $106.27 on Friday. The company has a market cap of $9.08 billion, a PE ratio of 71.80 and a beta of 0.97. The stock’s 50 day simple moving average is $102.08 and its 200-day simple moving average is $98.49. The Descartes Systems Group Inc. has a 1-year low of $72.67 and a 1-year high of $108.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its 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 firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DSGX. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. 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 research note on Thursday, September 5th. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Scotiabank upped their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.17.

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.