Argent Capital Management LLC Grows Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Argent Capital Management LLC increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 15.3% in the 4th quarter, HoldingsChannel reports. The fund owned 58,410 shares of the technology company’s stock after buying an additional 7,729 shares during the quarter. Argent Capital Management LLC’s holdings in The Descartes Systems Group were worth $6,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after acquiring an additional 117 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in The Descartes Systems Group by 3.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock valued at $388,000 after buying an additional 137 shares during the period. Assetmark Inc. increased its stake in The Descartes Systems Group by 3.5% in the third quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after purchasing an additional 197 shares during the period. Stephens Inc. AR increased its stake in The Descartes Systems Group by 2.4% in the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 238 shares during the period. Finally, Signaturefd LLC increased its stake in The Descartes Systems Group by 12.1% in the third quarter. Signaturefd LLC now owns 2,425 shares of the technology company’s stock worth $250,000 after purchasing an additional 261 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Up 2.2 %

NASDAQ DSGX opened at $114.97 on Thursday. The Descartes Systems Group Inc. has a fifty-two week low of $82.88 and a fifty-two week high of $122.88. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 72.31 and a beta of 0.99. The business has a fifty day moving average of $115.47 and a 200-day moving average of $106.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DSGX. BMO Capital Markets raised their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Loop Capital initiated coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target for the company. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Wednesday. TD Securities lifted their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group has an average rating of “Moderate Buy” and a consensus price target of $117.92.

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.