Signaturefd LLC Purchases 261 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Signaturefd LLC raised its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,425 shares of the technology company’s stock after acquiring an additional 261 shares during the quarter. Signaturefd LLC’s holdings in The Descartes Systems Group were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSGX. Westfield Capital Management Co. LP purchased a new position in The Descartes Systems Group in the first quarter valued at about $47,481,000. Price T Rowe Associates Inc. MD boosted its stake in The Descartes Systems Group by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock valued at $695,864,000 after acquiring an additional 278,796 shares during the last quarter. William Blair Investment Management LLC purchased a new position in The Descartes Systems Group in the second quarter valued at about $20,608,000. Grandeur Peak Global Advisors LLC purchased a new position in The Descartes Systems Group in the first quarter valued at about $19,264,000. Finally, Triasima Portfolio Management inc. boosted its stake in The Descartes Systems Group by 90.1% in the second quarter. Triasima Portfolio Management inc. now owns 253,849 shares of the technology company’s stock valued at $24,584,000 after acquiring an additional 120,325 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DSGX. BMO Capital Markets boosted their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a research note on Thursday, September 5th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. Barclays upped their price target on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a research note on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Finally, National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, The Descartes Systems Group has an average rating of “Moderate Buy” and an average target price of $106.17.

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $104.17 on Friday. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $108.02. The stock has a market capitalization of $8.89 billion, a PE ratio of 74.41 and a beta of 0.97. The company’s 50 day simple moving average is $101.64 and its two-hundred day simple moving average is $98.09.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

About The Descartes Systems Group

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.