Intellectus Partners LLC Takes $227,000 Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Intellectus Partners LLC acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,705 shares of the technology company’s stock, valued at approximately $227,000.

A number of other large investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System grew its stake in The Descartes Systems Group by 2.0% in the third quarter. Maryland State Retirement & Pension System now owns 70,561 shares of the technology company’s stock valued at $5,181,000 after purchasing an additional 1,355 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in The Descartes Systems Group by 19.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,107 shares of the technology company’s stock worth $228,000 after acquiring an additional 500 shares in the last quarter. Redwood Investments LLC lifted its stake in The Descartes Systems Group by 3.4% in the third quarter. Redwood Investments LLC now owns 61,224 shares of the technology company’s stock valued at $4,497,000 after acquiring an additional 1,999 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of The Descartes Systems Group by 14.9% in the 3rd quarter. Mackenzie Financial Corp now owns 1,760,128 shares of the technology company’s stock valued at $126,435,000 after acquiring an additional 227,972 shares during the period. Finally, Strs Ohio increased its stake in shares of The Descartes Systems Group by 80.0% during the 3rd quarter. Strs Ohio now owns 90,000 shares of the technology company’s stock worth $6,604,000 after purchasing an additional 40,000 shares during the last quarter. 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. BMO Capital Markets increased their price objective on shares of The Descartes Systems Group from $88.00 to $94.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. CIBC upgraded The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and increased their target price for the stock from $96.50 to $101.00 in a research note on Tuesday, April 16th. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Scotiabank raised their price target on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 7th. Finally, Barclays boosted their price objective on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $98.44.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock opened at $93.77 on Tuesday. The stock has a fifty day moving average of $90.52 and a 200-day moving average of $84.79. The stock has a market capitalization of $7.99 billion, a P/E ratio of 69.98 and a beta of 0.94. The Descartes Systems Group Inc. has a 52 week low of $69.59 and a 52 week high of $96.10.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The company had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $146.62 million. During the same period in the prior year, the company earned $0.34 EPS. The Descartes Systems Group’s revenue was up 18.5% compared to the same quarter last year. On average, research analysts forecast 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.