Calamos Advisors LLC Has $743,000 Stock Position in The Descartes Systems Group Inc. $DSGX

Calamos Advisors LLC lowered its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,310 shares of the technology company’s stock after selling 774 shares during the quarter. Calamos Advisors LLC’s holdings in The Descartes Systems Group were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in The Descartes Systems Group by 15.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,134,467 shares of the technology company’s stock worth $719,370,000 after purchasing an additional 936,718 shares during the last quarter. Vanguard Group Inc. grew its position in shares of The Descartes Systems Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,345,692 shares of the technology company’s stock worth $336,814,000 after buying an additional 46,369 shares during the period. Fiera Capital Corp raised its stake in shares of The Descartes Systems Group by 8.0% during the first quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company’s stock worth $276,705,000 after buying an additional 202,973 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of The Descartes Systems Group by 10.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,947,947 shares of the technology company’s stock worth $196,412,000 after buying an additional 181,086 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in The Descartes Systems Group by 7.9% in the second quarter. Bank of Montreal Can now owns 1,678,473 shares of the technology company’s stock valued at $170,613,000 after buying an additional 122,378 shares during the period. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock opened at $83.36 on Friday. The company has a market capitalization of $7.16 billion, a P/E ratio of 49.33 and a beta of 0.75. The business has a 50-day moving average of $95.00 and a two-hundred day moving average of $101.35. The Descartes Systems Group Inc. has a 1 year low of $81.43 and a 1 year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The business had revenue of $178.98 million during the quarter, compared to analyst estimates of $176.51 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The Descartes Systems Group’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on DSGX. CIBC lowered their target price on shares of The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Descartes Systems Group in a research note on Thursday. Zacks Research raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. TD Cowen restated a “buy” rating and set a $121.00 target price on shares of The Descartes Systems Group in a research report on Friday, October 3rd. Finally, TD Securities initiated coverage on shares of The Descartes Systems Group in a research report on Friday, October 3rd. They issued a “buy” rating and a $121.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group has an average rating of “Moderate Buy” and a consensus price target of $121.70.

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.