The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Purchased by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 40.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,540 shares of the technology company's stock after purchasing an additional 8,460 shares during the quarter. PCJ Investment Counsel Ltd.'s holdings in The Descartes Systems Group were worth $3,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in The Descartes Systems Group by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company's stock worth $695,864,000 after purchasing an additional 278,796 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of The Descartes Systems Group by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company's stock worth $326,238,000 after buying an additional 52,485 shares in the last quarter. Vanguard Group Inc. grew its stake in The Descartes Systems Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company's stock valued at $287,188,000 after buying an additional 40,897 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of The Descartes Systems Group by 0.8% during the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company's stock worth $265,692,000 after acquiring an additional 19,817 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company's stock worth $206,807,000 after purchasing an additional 91,301 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Trading Up 0.2 %

DSGX traded up $0.23 on Wednesday, hitting $113.84. The company had a trading volume of 125,573 shares, compared to its average volume of 152,662. The company's fifty day moving average price is $105.58 and its 200 day moving average price is $100.36. The firm has a market cap of $9.73 billion, a P/E ratio of 76.76 and a beta of 0.97. The Descartes Systems Group Inc. has a 1 year low of $79.21 and a 1 year high of $117.24.

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 Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The business's quarterly revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DSGX. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the stock a "buy" rating in a research note on Thursday, September 5th. Scotiabank boosted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 24th. StockNews.com raised The Descartes Systems Group from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. BMO Capital Markets increased their target price on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a research note on Thursday, September 5th. Finally, Barclays upgraded The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group currently has an average rating of "Moderate Buy" and an average target price of $109.25.

The Descartes Systems Group Company 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.