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

Stephens Investment Management Group LLC raised its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,176 shares of the technology company’s stock after buying an additional 18,233 shares during the quarter. Stephens Investment Management Group LLC owned about 0.24% of The Descartes Systems Group worth $23,762,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in shares of The Descartes Systems Group during the fourth quarter valued at $409,000. Empowered Funds LLC boosted its stake in shares of The Descartes Systems Group by 31.2% during the 4th quarter. Empowered Funds LLC now owns 24,752 shares of the technology company’s stock worth $2,812,000 after purchasing an additional 5,880 shares during the last quarter. Mather Group LLC. grew its holdings in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after buying an additional 181 shares in the last quarter. Calamos Wealth Management LLC acquired a new position in shares of The Descartes Systems Group in the fourth quarter valued at approximately $1,339,000. Finally, Jennison Associates LLC lifted its stake in shares of The Descartes Systems Group by 1.9% during the fourth quarter. Jennison Associates LLC now owns 175,415 shares of the technology company’s stock valued at $19,927,000 after buying an additional 3,202 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DSGX. BMO Capital Markets lifted their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada raised their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 29th. Scotiabank upped their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Loop Capital initiated coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Trading Up 0.8 %

Shares of The Descartes Systems Group stock opened at $119.85 on Monday. The Descartes Systems Group Inc. has a twelve month low of $84.12 and a twelve month high of $122.88. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 75.38 and a beta of 0.99. The company has a fifty day moving average price of $116.33 and a 200 day moving average price of $108.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued 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 return on equity of 10.65% and a net margin of 21.80%. During the same period in the previous year, the company posted $0.31 earnings per share. Analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.