Entropy Technologies LP Takes Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Entropy Technologies LP bought a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,600 shares of the technology company’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DSGX. Mather Group LLC. raised its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Trust Co. of Vermont purchased a new stake in shares of The Descartes Systems Group in the fourth quarter valued at $54,000. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 495 shares during the period. Blue Trust Inc. increased its stake 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 worth $63,000 after buying an additional 587 shares during the period. Finally, R Squared Ltd purchased a new position in The Descartes Systems Group in the 4th quarter worth about $90,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

DSGX has been the topic of several recent analyst reports. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target on the stock. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. TD Securities raised their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets increased their target price 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. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Stock Down 3.9 %

DSGX stock opened at $114.05 on Thursday. The firm has a 50 day moving average of $116.40 and a 200 day moving average of $108.57. The stock has a market capitalization of $9.76 billion, a PE ratio of 71.73 and a beta of 0.99. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Tuesday, December 3rd. The technology company reported $0.42 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 earnings per share. On average, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

The Descartes Systems Group 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.