GAMMA Investing LLC Increases Stock Position in The Descartes Systems Group Inc. $DSGX

GAMMA Investing LLC increased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 23.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622 shares of the technology company’s stock after acquiring an additional 117 shares during the quarter. GAMMA Investing LLC’s holdings in The Descartes Systems Group were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. grew its stake in shares of The Descartes Systems Group by 4.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 31,500 shares of the technology company’s stock worth $3,193,000 after acquiring an additional 1,300 shares during the period. Channel Wealth LLC bought a new stake in shares of The Descartes Systems Group in the second quarter worth approximately $308,000. Harbor Capital Advisors Inc. bought a new stake in shares of The Descartes Systems Group in the second quarter worth approximately $1,230,000. Parallel Advisors LLC grew its stake in shares of The Descartes Systems Group by 35.1% in the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock worth $59,000 after acquiring an additional 152 shares during the period. Finally, Strs Ohio bought a new stake in shares of The Descartes Systems Group in the first quarter worth approximately $14,793,000. 77.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DSGX. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Descartes Systems Group in a research note on Saturday, September 27th. TD Cowen reissued a “buy” rating and issued a $121.00 price objective on shares of The Descartes Systems Group in a report on Friday. Morgan Stanley initiated coverage on shares of The Descartes Systems Group in a report on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price objective on the stock. Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.80.

The Descartes Systems Group Trading Up 1.7%

Shares of NASDAQ:DSGX opened at $93.90 on Friday. The company has a market cap of $8.07 billion, a PE ratio of 55.56 and a beta of 0.77. The Descartes Systems Group Inc. has a twelve month low of $91.00 and a twelve month high of $124.31. The company’s 50 day moving average is $101.02 and its 200 day moving average is $103.38.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $178.98 million for the quarter, compared to analyst estimates of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The Descartes Systems Group’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts predict 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.