Calamos Wealth Management LLC Acquires Shares of 11,790 The Descartes Systems Group Inc. (NASDAQ:DSGX)

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

Several other large investors also recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of The Descartes Systems Group by 20.4% in the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock worth $1,368,000 after buying an additional 2,250 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in The Descartes Systems Group during the third quarter worth about $2,308,000. Massachusetts Financial Services Co. MA boosted its position in shares of The Descartes Systems Group by 2.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock worth $48,456,000 after purchasing an additional 9,768 shares during the period. Barclays PLC increased its position in shares of The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock worth $1,031,000 after acquiring an additional 270 shares during the period. Finally, Canoe Financial LP purchased a new position in The Descartes Systems Group in the fourth quarter valued at $7,939,000. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of The Descartes Systems Group stock opened at $115.67 on Tuesday. The Descartes Systems Group Inc. has a one year low of $84.12 and a one year high of $122.88. The business’s 50 day moving average price is $116.22 and its 200 day moving average price is $107.72. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 72.75 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data 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 quarter in the previous year, the company earned $0.31 EPS. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. BMO Capital Markets raised their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. TD Securities increased their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. 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. Finally, Loop Capital began coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average price target 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.