Alpine Peaks Capital LP Has $4.47 Million Stock Position in The Descartes Systems Group Inc. $DSGX

Alpine Peaks Capital LP boosted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 104.0% in the fourth quarter, HoldingsChannel reports. The fund owned 51,000 shares of the technology company’s stock after buying an additional 26,000 shares during the quarter. The Descartes Systems Group accounts for 4.3% of Alpine Peaks Capital LP’s portfolio, making the stock its 13th biggest holding. Alpine Peaks Capital LP’s holdings in The Descartes Systems Group were worth $4,471,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in The Descartes Systems Group by 25.2% during the 4th quarter. Clearbridge Investments LLC now owns 403,854 shares of the technology company’s stock worth $35,402,000 after acquiring an additional 81,354 shares during the period. Aviso Financial Inc. boosted its position in The Descartes Systems Group by 247.6% during the 3rd quarter. Aviso Financial Inc. now owns 27,141 shares of the technology company’s stock worth $2,556,000 after acquiring an additional 19,333 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in The Descartes Systems Group during the 3rd quarter worth about $1,954,000. Dixon Mitchell Investment Counsel Inc. boosted its position in The Descartes Systems Group by 303.0% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 339,370 shares of the technology company’s stock worth $31,961,000 after acquiring an additional 255,154 shares during the period. Finally, Temasek Holdings Private Ltd boosted its position in The Descartes Systems Group by 63.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,464,165 shares of the technology company’s stock worth $137,968,000 after acquiring an additional 567,386 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Down 1.4%

DSGX stock opened at $70.34 on Thursday. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 35.17 and a beta of 0.64. The Descartes Systems Group Inc. has a 12 month low of $62.56 and a 12 month high of $109.00. The firm has a 50 day moving average of $71.85 and a two-hundred day moving average of $75.76.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The firm had revenue of $166.96 million during the quarter, compared to analyst estimates of $193.57 million. During the same period in the previous year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts expect that The Descartes Systems Group Inc. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DSGX has been the subject of a number of research reports. Loop Capital restated a “buy” rating and set a $96.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, June 4th. Zacks Research lowered The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce lifted their price target on The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a report on Thursday, June 4th. BMO Capital Markets reduced their price target on The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, March 12th. Finally, Raymond James Financial reduced their price target on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

About The Descartes Systems Group

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.