Pembroke Management LTD Has $13.97 Million Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Pembroke Management LTD lessened its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 123,004 shares of the technology company's stock after selling 2,980 shares during the period. The Descartes Systems Group accounts for 1.8% of Pembroke Management LTD's portfolio, making the stock its 25th largest position. Pembroke Management LTD owned 0.14% of The Descartes Systems Group worth $13,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its position in shares of The Descartes Systems Group by 1,318.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,135 shares of the technology company's stock worth $129,000 after purchasing an additional 1,055 shares in the last quarter. Allworth Financial LP boosted its position in shares of The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after purchasing an additional 182 shares in the last quarter. Vista Finance LLC bought a new position in shares of The Descartes Systems Group during the fourth quarter worth $331,000. Vontobel Holding Ltd. boosted its position in shares of The Descartes Systems Group by 104.5% during the fourth quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company's stock worth $48,819,000 after purchasing an additional 219,736 shares in the last quarter. Finally, Legato Capital Management LLC boosted its position in shares of The Descartes Systems Group by 8.0% during the fourth quarter. Legato Capital Management LLC now owns 11,019 shares of the technology company's stock worth $1,252,000 after purchasing an additional 813 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DSGX. Stephens raised shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. TD Securities boosted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Loop Capital started coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $117.92.

The Descartes Systems Group Price Performance

NASDAQ:DSGX traded down $1.69 on Friday, hitting $111.88. 213,446 shares of the company's stock were exchanged, compared to its average volume of 227,837. The firm has a 50-day moving average price of $115.68 and a 200-day moving average price of $109.29. The Descartes Systems Group Inc. has a 52 week low of $84.83 and a 52 week high of $124.31. The company has a market cap of $9.58 billion, a P/E ratio of 70.37 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly 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 return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

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.