Geneva Capital Management LLC Decreases Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Geneva Capital Management LLC lessened its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,459,128 shares of the technology company’s stock after selling 17,531 shares during the quarter. The Descartes Systems Group makes up 2.9% of Geneva Capital Management LLC’s holdings, making the stock its 7th biggest holding. Geneva Capital Management LLC owned approximately 1.71% of The Descartes Systems Group worth $165,757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC grew its stake in shares of The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after buying an additional 117 shares during the last quarter. Mather Group LLC. grew its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after purchasing an additional 181 shares during the last quarter. Allworth Financial LP grew its stake in shares of The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after purchasing an additional 182 shares during the last quarter. Assetmark Inc. grew its stake in shares of 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 last quarter. Finally, Stephens Inc. AR grew its stake in shares of 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 last quarter. Institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DSGX shares. Scotiabank boosted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. TD Securities boosted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Loop Capital started coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Trading Up 1.9 %

Shares of NASDAQ DSGX opened at $110.92 on Thursday. The firm’s 50-day moving average price is $114.93 and its 200-day moving average price is $110.17. The Descartes Systems Group Inc. has a 1-year low of $85.15 and a 1-year high of $124.31. The firm has a market capitalization of $9.50 billion, a P/E ratio of 69.76 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting the consensus estimate 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 forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.