Geneva Capital Management LLC Sells 17,531 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Geneva Capital Management LLC lessened its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.2% during the fourth quarter, HoldingsChannel reports. The fund owned 1,459,128 shares of the technology company’s stock after selling 17,531 shares during the quarter. The Descartes Systems Group accounts for about 2.9% of Geneva Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Geneva Capital Management LLC’s holdings in The Descartes Systems Group were worth $165,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after acquiring an additional 181 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of The Descartes Systems Group in the 4th quarter worth about $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the 4th quarter worth about $54,000. GAMMA Investing LLC raised its holdings in shares of The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after acquiring an additional 495 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DSGX. TD Securities upped their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Scotiabank upped their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group has an average rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Stock Up 1.9 %

The Descartes Systems Group stock opened at $110.92 on Thursday. The Descartes Systems Group Inc. has a twelve month low of $85.15 and a twelve month high of $124.31. The firm has a 50 day moving average price of $114.93 and a 200-day moving average price of $110.17. The company has a market capitalization of $9.50 billion, a P/E ratio of 69.76 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Equities analysts expect 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.