Blue Trust Inc. Purchases 397 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Blue Trust Inc. lifted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 61.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047 shares of the technology company’s stock after acquiring an additional 397 shares during the quarter. Blue Trust Inc.’s holdings in The Descartes Systems Group were worth $119,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth $54,000. GAMMA Investing LLC increased its position in The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after acquiring an additional 495 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of The Descartes Systems Group during the fourth quarter worth approximately $118,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of The Descartes Systems Group by 28.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after purchasing an additional 279 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of The Descartes Systems Group by 26.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,514 shares of the technology company’s stock valued at $156,000 after purchasing an additional 320 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DSGX shares. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Finally, TD Securities lifted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Five investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Trading Up 1.3 %

NASDAQ:DSGX opened at $118.93 on Friday. The firm has a fifty day simple moving average of $116.22 and a 200 day simple moving average of $107.91. The stock has a market capitalization of $10.18 billion, a PE ratio of 74.80 and a beta of 0.99. The Descartes Systems Group Inc. has a 1-year low of $84.12 and a 1-year high of $122.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS 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 quarter last year, the business posted $0.31 earnings per share. On average, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

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.