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

Calamos Advisors LLC cut its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 41.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,162 shares of the technology company’s stock after selling 15,256 shares during the quarter. Calamos Advisors LLC’s holdings in The Descartes Systems Group were worth $2,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Conestoga Capital Advisors LLC lifted its position in The Descartes Systems Group by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock worth $326,238,000 after acquiring an additional 52,485 shares during the last quarter. Fiera Capital Corp lifted its holdings in The Descartes Systems Group by 0.8% during the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock worth $265,692,000 after purchasing an additional 19,817 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in The Descartes Systems Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock worth $152,037,000 after purchasing an additional 19,002 shares during the last quarter. Franklin Resources Inc. boosted its stake in The Descartes Systems Group by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock valued at $142,693,000 after purchasing an additional 40,807 shares during the period. Finally, National Bank of Canada FI increased its position in The Descartes Systems Group by 389.8% during the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock worth $71,911,000 after buying an additional 556,408 shares during the period. Institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Securities boosted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted 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. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada raised their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 29th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Trading Up 0.2 %

Shares of NASDAQ DSGX opened at $115.85 on Wednesday. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 72.86 and a beta of 0.99. 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 50-day moving average price of $116.19 and a two-hundred day moving average price of $107.84.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $0.31 EPS. On average, sell-side analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share 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.