Calamos Advisors LLC Sells 15,256 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Calamos Advisors LLC lessened its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 41.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,162 shares of the technology company’s stock after selling 15,256 shares during the period. Calamos Advisors LLC’s holdings in The Descartes Systems Group were worth $2,404,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new position in The Descartes Systems Group in the 4th quarter valued at approximately $54,000. GAMMA Investing LLC increased its holdings in The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. raised its position in The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd acquired a new position in The Descartes Systems Group during the 4th quarter worth about $90,000. Finally, Avanza Fonder AB acquired a new position in The Descartes Systems Group during the 4th quarter worth about $118,000. Institutional investors own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DSGX. BMO Capital Markets increased their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada increased their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 29th. StockNews.com upgraded shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Finally, 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 report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Price Performance

DSGX stock opened at $115.85 on Wednesday. The Descartes Systems Group Inc. has a 1 year low of $84.12 and a 1 year high of $122.88. The stock has a market capitalization of $9.91 billion, a PE ratio of 72.86 and a beta of 0.99. The company’s 50-day moving average is $116.19 and its 200-day moving average is $107.84.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the prior year, the business posted $0.31 earnings per share. On average, 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.