Metis Global Partners LLC Sells 1,005 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Metis Global Partners LLC lowered its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,239 shares of the technology company’s stock after selling 1,005 shares during the quarter. Metis Global Partners LLC’s holdings in The Descartes Systems Group were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DSGX. Mather Group LLC. lifted its holdings in 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 during the period. Trust Co. of Vermont purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth $54,000. GAMMA Investing LLC boosted its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after purchasing an additional 495 shares in the last quarter. Allworth Financial LP grew its stake in The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after purchasing an additional 182 shares during the last quarter. Finally, R Squared Ltd bought a new position in The Descartes Systems Group in the fourth quarter worth about $90,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

DSGX has been the topic of a number of recent analyst reports. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. BMO Capital Markets raised their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, TD Securities upped their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Trading Up 1.9 %

Shares of NASDAQ:DSGX opened at $110.92 on Thursday. The Descartes Systems Group Inc. has a twelve month low of $85.15 and a twelve month high of $124.31. The company has a market cap of $9.50 billion, a PE ratio of 69.76 and a beta of 0.99. The company’s 50 day moving average is $114.93 and its 200 day moving average is $110.17.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Equities research analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal 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.