The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,903 shares of the technology company’s stock after selling 1,483 shares during the period. Oppenheimer Asset Management Inc.’s holdings in The Descartes Systems Group were worth $5,215,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC increased its position in The Descartes Systems Group by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock worth $326,238,000 after buying an additional 52,485 shares during the period. Fiera Capital Corp increased its holdings in shares of The Descartes Systems Group by 0.8% during the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after purchasing an additional 19,817 shares during the period. Geneva Capital Management LLC increased its holdings in shares of The Descartes Systems Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock valued at $152,037,000 after purchasing an additional 19,002 shares during the period. Franklin Resources Inc. increased its holdings in shares of The Descartes Systems Group by 3.1% during the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock valued at $142,693,000 after purchasing an additional 40,807 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of The Descartes Systems Group by 389.8% during the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock valued at $71,911,000 after purchasing an additional 556,408 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Up 1.1 %

NASDAQ:DSGX opened at $111.49 on Friday. The Descartes Systems Group Inc. has a 1-year low of $84.83 and a 1-year high of $124.31. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 70.12 and a beta of 0.99. The stock has a fifty day simple moving average of $115.22 and a 200 day simple moving average of $109.74.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the business posted $0.31 earnings per share. Equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on DSGX shares. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $88.00 to $125.00 in a report on Friday, November 15th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. TD Securities raised their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Scotiabank lifted their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus target price of $117.92.

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.