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

Park Avenue Securities LLC lifted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,497 shares of the technology company’s stock after buying an additional 686 shares during the quarter. Park Avenue Securities LLC’s holdings in The Descartes Systems Group were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DSGX. National Bank of Canada FI lifted its holdings in The Descartes Systems Group by 389.8% in the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock valued at $71,911,000 after acquiring an additional 556,408 shares during the period. Mackenzie Financial Corp increased its holdings in shares of The Descartes Systems Group by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock valued at $206,807,000 after purchasing an additional 91,301 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of The Descartes Systems Group by 3.3% in the second quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock valued at $248,024,000 after purchasing an additional 81,263 shares during the period. Lord Abbett & CO. LLC boosted its holdings in 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 in the last quarter. Finally, Vontobel Holding Ltd. grew its position in The Descartes Systems Group by 52.5% during the third quarter. Vontobel Holding Ltd. now owns 210,280 shares of the technology company’s stock worth $21,636,000 after buying an additional 72,435 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analysts Set New Price Targets

DSGX has been the topic of several research analyst reports. Scotiabank boosted their price target on 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 target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. Finally, Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $119.89 on Friday. The company has a 50-day simple moving average of $115.69 and a 200-day simple moving average of $106.75. The company has a market cap of $10.26 billion, a PE ratio of 75.40 and a beta of 0.99. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $122.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $0.31 earnings per share. On average, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current 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.