Calamos Wealth Management LLC Takes $1.34 Million Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Calamos Wealth Management LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,790 shares of the technology company’s stock, valued at approximately $1,339,000.

A number of other large investors have also recently added to or reduced their stakes in DSGX. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $54,000. GAMMA Investing LLC boosted its holdings in shares of The Descartes Systems Group by 4,950.0% during the fourth 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 period. Blue Trust Inc. increased its holdings in The Descartes Systems Group by 931.7% in the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after buying an additional 587 shares during the period. R Squared Ltd bought a new position in The Descartes Systems Group in the fourth quarter valued at about $90,000. Finally, Avanza Fonder AB acquired a new stake in shares of The Descartes Systems Group during the fourth quarter worth $118,000. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Trading Down 0.1 %

NASDAQ:DSGX opened at $115.67 on Tuesday. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $122.88. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 72.75 and a beta of 0.99. The company has a 50-day moving average price of $116.22 and a 200-day moving average price of $107.72.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results 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 prior year, the business earned $0.31 EPS. Equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Loop Capital started coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target for the company. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Royal Bank of Canada boosted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Scotiabank boosted 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 report on Wednesday, December 4th. Finally, TD Securities lifted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.92.

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.