Captrust Financial Advisors Decreases Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Captrust Financial Advisors lowered its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,319 shares of the technology company’s stock after selling 2,764 shares during the quarter. Captrust Financial Advisors’ holdings in The Descartes Systems Group were worth $831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of The Descartes Systems Group in the fourth quarter worth $126,918,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of The Descartes Systems Group by 114.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company’s stock worth $136,175,000 after acquiring an additional 639,848 shares during the period. Franklin Resources Inc. grew its holdings in shares of The Descartes Systems Group by 23.9% in the fourth quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company’s stock worth $192,502,000 after acquiring an additional 326,643 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of The Descartes Systems Group by 104.5% in the fourth quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company’s stock worth $48,819,000 after acquiring an additional 219,736 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of The Descartes Systems Group in the fourth quarter worth $19,392,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

DSGX has been the subject of several research analyst reports. Scotiabank lifted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 26th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Barclays cut their price target on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. Finally, BMO Capital Markets cut their price target on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average target price of $122.18.

The Descartes Systems Group Stock Up 0.7%

Shares of DSGX stock opened at $113.50 on Friday. The stock has a market cap of $9.72 billion, a PE ratio of 71.38 and a beta of 0.88. The business has a 50-day simple moving average of $103.37 and a 200-day simple moving average of $110.51. The Descartes Systems Group Inc. has a 52-week low of $89.00 and a 52-week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal 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.