The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,168,594 shares of the technology company's stock after acquiring an additional 52,485 shares during the quarter. The Descartes Systems Group comprises approximately 4.4% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its biggest holding. Conestoga Capital Advisors LLC owned about 3.71% of The Descartes Systems Group worth $326,238,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stephens Inc. AR raised its stake in The Descartes Systems Group by 2.4% during the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company's stock worth $1,038,000 after buying an additional 238 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of The Descartes Systems Group in the 3rd quarter valued at approximately $240,000. Legacy Wealth Asset Management LLC grew its position in shares of The Descartes Systems Group by 3.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company's stock valued at $388,000 after purchasing an additional 137 shares during the period. Argent Capital Management LLC increased its stake in The Descartes Systems Group by 7.7% during the 3rd quarter. Argent Capital Management LLC now owns 50,681 shares of the technology company's stock worth $5,218,000 after purchasing an additional 3,622 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in The Descartes Systems Group by 12.1% in the third quarter. Signaturefd LLC now owns 2,425 shares of the technology company's stock valued at $250,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Stock Performance

DSGX traded up $2.34 during trading hours on Friday, reaching $106.27. The company's stock had a trading volume of 123,499 shares, compared to its average volume of 150,849. The company's 50-day moving average is $102.08 and its 200-day moving average is $98.49. The Descartes Systems Group Inc. has a 52 week low of $72.67 and a 52 week high of $108.02. The firm has a market cap of $9.08 billion, a PE ratio of 71.86 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. Equities analysts anticipate that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DSGX has been the topic of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price target on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the stock a "buy" rating in a research report on Thursday, September 5th. Scotiabank boosted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a research report on Thursday, October 24th. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, National Bank Financial raised shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.17.

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.