Park Avenue Securities LLC Boosts Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Park Avenue Securities LLC lifted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,497 shares of the technology company’s stock after purchasing an additional 686 shares during the period. Park Avenue Securities LLC’s holdings in The Descartes Systems Group were worth $511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Hawaiian Bank raised its position in The Descartes Systems Group by 1.8% in the 4th quarter. First Hawaiian Bank now owns 16,954 shares of the technology company’s stock valued at $1,926,000 after purchasing an additional 302 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 worth $57,000 after buying an additional 495 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of The Descartes Systems Group by 12.1% during the third quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company’s stock worth $69,282,000 after buying an additional 72,501 shares during the period. DGS Capital Management LLC acquired a new stake in The Descartes Systems Group in the third quarter valued at approximately $203,000. Finally, Franklin Resources Inc. lifted its stake in The Descartes Systems Group by 3.1% in the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock worth $142,693,000 after acquiring an additional 40,807 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DSGX has been the topic of a number of recent analyst reports. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. Scotiabank lifted their price target 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. TD Securities increased their price objective 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. Finally, BMO Capital Markets raised their target price 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. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Price Performance

DSGX stock opened at $119.89 on Friday. The company has a fifty day moving average price of $115.69 and a 200 day moving average price of $106.75. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $122.88. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 75.40 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data 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 return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the firm earned $0.31 EPS. As a group, analysts anticipate 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.