The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 183.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,603 shares of the technology company’s stock after acquiring an additional 4,917 shares during the quarter. Aigen Investment Management LP’s holdings in The Descartes Systems Group were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DSGX. First Trust Direct Indexing L.P. acquired a new position in shares of The Descartes Systems Group in the 3rd quarter valued at $240,000. Stephens Inc. AR lifted its stake in shares of The Descartes Systems Group by 2.4% in the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 238 shares during the period. Fiera Capital Corp lifted its stake in shares of The Descartes Systems Group by 0.8% in the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after purchasing an additional 19,817 shares during the period. Assetmark Inc. lifted its stake in shares of The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock valued at $601,000 after purchasing an additional 197 shares during the period. Finally, Versor Investments LP acquired a new position in shares of The Descartes Systems Group in the 3rd quarter valued at $278,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $110.92 on Thursday. The Descartes Systems Group Inc. has a one year low of $85.15 and a one year high of $124.31. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 69.76 and a beta of 0.99. The stock has a 50 day moving average price of $114.93 and a 200 day moving average price of $110.17.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

DSGX has been the subject of several analyst reports. Loop Capital started 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 target price for the company. TD Securities lifted 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 cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Scotiabank upped their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average price target of $117.92.

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.