Andra AP fonden Purchases Shares of 800 The Descartes Systems Group Inc. (NASDAQ:DSGX)

Andra AP fonden acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 800 shares of the technology company’s stock, valued at approximately $77,000.

A number of other large investors have also made changes to their positions in DSGX. Brown Brothers Harriman & Co. bought a new position in The Descartes Systems Group during the fourth quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new position in shares of The Descartes Systems Group in the first quarter valued at $28,000. Accent Capital Management LLC bought a new position in The Descartes Systems Group in the fourth quarter worth $32,000. Whittier Trust Co. of Nevada Inc. lifted its position in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after purchasing an additional 429 shares during the period. Finally, Park Place Capital Corp boosted its stake in The Descartes Systems Group by 48.5% during the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after buying an additional 219 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.9 %

Shares of NASDAQ DSGX opened at $97.94 on Friday. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $104.71. The company has a 50-day moving average of $98.93 and a two-hundred day moving average of $95.31. The company has a market cap of $8.36 billion, a PE ratio of 69.96 and a beta of 0.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DSGX shares. Stephens lifted their target price on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Raymond James upped their price objective on The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, May 31st. Barclays raised their target price on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. Finally, TD Securities lifted their price objective on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

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.