DF Dent & Co. Inc. Increases Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

DF Dent & Co. Inc. lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,681 shares of the technology company’s stock after buying an additional 11,233 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.17% of The Descartes Systems Group worth $11,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Investments LP raised its stake in The Descartes Systems Group by 68.6% in the first quarter. Two Sigma Investments LP now owns 200,892 shares of the technology company’s stock valued at $16,194,000 after purchasing an additional 81,750 shares in the last quarter. Deutsche Bank AG raised its stake in The Descartes Systems Group by 5.8% in the first quarter. Deutsche Bank AG now owns 135,052 shares of the technology company’s stock valued at $10,887,000 after purchasing an additional 7,402 shares in the last quarter. Stephens Inc. AR grew its position in The Descartes Systems Group by 109.1% during the first quarter. Stephens Inc. AR now owns 17,412 shares of the technology company’s stock valued at $1,404,000 after acquiring an additional 9,086 shares during the last quarter. Stephens Investment Management Group LLC grew its position in The Descartes Systems Group by 37.0% during the first quarter. Stephens Investment Management Group LLC now owns 243,180 shares of the technology company’s stock valued at $19,603,000 after acquiring an additional 65,693 shares during the last quarter. Finally, Aperture Investors LLC grew its position in The Descartes Systems Group by 9.4% during the first quarter. Aperture Investors LLC now owns 421,225 shares of the technology company’s stock valued at $33,993,000 after acquiring an additional 36,280 shares during the last quarter. 76.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Performance

DSGX stock traded down $0.06 on Monday, reaching $74.71. The company’s stock had a trading volume of 79,568 shares, compared to its average volume of 128,762. The business has a fifty day simple moving average of $76.09 and a two-hundred day simple moving average of $77.05. The Descartes Systems Group Inc. has a 12-month low of $61.26 and a 12-month high of $82.02. The firm has a market cap of $6.35 billion, a PE ratio of 57.08 and a beta of 1.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The Descartes Systems Group had a return on equity of 10.40% and a net margin of 21.60%. The business had revenue of $143.39 million during the quarter, compared to analysts’ expectations of $139.95 million. During the same period in the previous year, the business earned $0.27 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that The Descartes Systems Group Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DSGX. Scotiabank reiterated a “sector outperform” rating and set a $86.00 price target on shares of The Descartes Systems Group in a research report on Friday. Stephens increased their price target on shares of The Descartes Systems Group from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. StockNews.com initiated coverage on shares of The Descartes Systems Group in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Barclays raised their target price on shares of The Descartes Systems Group from $62.00 to $65.00 in a report on Thursday, June 1st. Finally, Raymond James raised their target price on shares of The Descartes Systems Group from $73.00 to $81.00 and gave the stock a “market perform” rating in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Hold” and an average price target of $85.00.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain solutions worldwide. The company's 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; e-commerce shipping and fulfillment; customs and regulatory compliance; trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.