Assenagon Asset Management S.A. Has $240,000 Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Assenagon Asset Management S.A. lessened its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,115 shares of the technology company’s stock after selling 325 shares during the quarter. Assenagon Asset Management S.A.’s holdings in The Descartes Systems Group were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Hawaiian Bank lifted its stake in The Descartes Systems Group by 1.8% in the 4th quarter. First Hawaiian Bank now owns 16,954 shares of the technology company’s stock valued at $1,926,000 after acquiring an additional 302 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after purchasing an additional 495 shares in the last quarter. 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 purchasing an additional 72,501 shares during the last quarter. DGS Capital Management LLC bought a new position in The Descartes Systems Group in the third quarter valued at $203,000. Finally, Franklin Resources Inc. increased its stake in The Descartes Systems Group by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock valued at $142,693,000 after buying an additional 40,807 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DSGX has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Loop Capital assumed coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price for the company. BMO Capital Markets increased their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, Scotiabank raised their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $119.13 on Friday. The stock has a fifty day simple moving average of $116.00 and a two-hundred day simple moving average of $107.02. The firm has a market capitalization of $10.19 billion, a PE ratio of 74.92 and a beta of 0.99. The Descartes Systems Group Inc. has a 52-week low of $84.12 and a 52-week high of $122.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share 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 period in the previous year, the business posted $0.31 EPS. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal 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.