Argent Capital Management LLC Raises Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Argent Capital Management LLC lifted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,681 shares of the technology company’s stock after purchasing an additional 3,622 shares during the quarter. Argent Capital Management LLC owned about 0.06% of The Descartes Systems Group worth $5,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DSGX. Assenagon Asset Management S.A. grew its position in The Descartes Systems Group by 4.3% during the second quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company’s stock valued at $371,000 after acquiring an additional 158 shares during the period. Park Place Capital Corp grew its holdings in shares of The Descartes Systems Group by 31.6% during the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after purchasing an additional 212 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of The Descartes Systems Group by 18.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company’s stock worth $137,000 after purchasing an additional 219 shares during the period. Signaturefd LLC raised its holdings in The Descartes Systems Group by 12.1% in the third quarter. Signaturefd LLC now owns 2,425 shares of the technology company’s stock valued at $250,000 after buying an additional 261 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in The Descartes Systems Group by 28.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after buying an additional 279 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DSGX shares. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. Scotiabank boosted their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Thursday. BMO Capital Markets increased their target price on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a research note on Thursday, September 5th. Finally, National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average target price of $106.17.

The Descartes Systems Group Trading Up 0.0 %

NASDAQ DSGX traded up $0.04 during trading hours on Thursday, reaching $105.90. 18,374 shares of the company traded hands, compared to its average volume of 151,572. The stock has a market capitalization of $9.04 billion, a PE ratio of 75.51 and a beta of 0.97. The Descartes Systems Group Inc. has a 12 month low of $69.59 and a 12 month high of $108.02. The company has a 50 day moving average of $101.45 and a two-hundred day moving average of $97.90.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million for 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 period in the previous year, the business posted $0.32 EPS. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 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.