Triasima Portfolio Management inc. trimmed its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,460 shares of the technology company's stock after selling 5,068 shares during the period. The Descartes Systems Group comprises approximately 1.6% of Triasima Portfolio Management inc.'s holdings, making the stock its 17th largest holding. Triasima Portfolio Management inc. owned about 0.09% of The Descartes Systems Group worth $8,460,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. National Bank of Canada FI increased its stake in The Descartes Systems Group by 389.8% during the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company's stock valued at $71,911,000 after purchasing an additional 556,408 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of The Descartes Systems Group by 12.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company's stock valued at $69,282,000 after buying an additional 72,501 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of The Descartes Systems Group by 52.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 210,280 shares of the technology company's stock valued at $21,636,000 after buying an additional 72,435 shares during the last quarter. Canoe Financial LP acquired a new stake in The Descartes Systems Group during the fourth quarter worth about $7,939,000. Finally, DF Dent & Co. Inc. boosted its stake in The Descartes Systems Group by 27.9% in the third quarter. DF Dent & Co. Inc. now owns 279,675 shares of the technology company's stock valued at $28,795,000 after acquiring an additional 61,080 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
The Descartes Systems Group Trading Down 2.9 %
NASDAQ:DSGX traded down $3.53 during mid-day trading on Tuesday, reaching $118.97. 194,926 shares of the stock were exchanged, compared to its average volume of 208,053. The business has a fifty day moving average price of $116.46 and a 200 day moving average price of $108.40. The Descartes Systems Group Inc. has a 1-year low of $84.12 and a 1-year high of $124.31. The firm has a market capitalization of $10.18 billion, a PE ratio of 74.81 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter last year, the business earned $0.31 EPS. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on DSGX shares. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Loop Capital started coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target for the company. Stephens upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. Royal Bank of Canada lifted their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, November 29th. Finally, Barclays upgraded shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group has an average rating of "Moderate Buy" and a consensus target price of $117.92.
Get Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Profile
(
Free Report)
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.
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