3,792 Shares in The Descartes Systems Group Inc. (NASDAQ:DSGX) Bought by Portside Wealth Group LLC

Portside Wealth Group LLC purchased a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the second quarter, HoldingsChannel.com reports. The firm purchased 3,792 shares of the technology company’s stock, valued at approximately $367,000.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Descartes Systems Group by 3.8% during the first 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 during the period. Vanguard Group Inc. lifted its holdings in The Descartes Systems Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock valued at $287,188,000 after acquiring an additional 40,897 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of The Descartes Systems Group by 0.8% during the 1st quarter. Conestoga Capital Advisors LLC now owns 3,049,464 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 23,285 shares during the period. Fiera Capital Corp increased its holdings in shares of The Descartes Systems Group by 9.3% during the 4th quarter. Fiera Capital Corp now owns 2,422,044 shares of the technology company’s stock valued at $204,169,000 after purchasing an additional 206,193 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its stake in shares of The Descartes Systems Group by 0.4% in the 4th quarter. Geneva Capital Management LLC now owns 1,468,407 shares of the technology company’s stock valued at $123,434,000 after purchasing an additional 6,497 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

DSGX has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of The Descartes Systems Group from $75.00 to $87.00 and gave the company an “underweight” rating in a report on Friday, May 17th. BMO Capital Markets upped their price target on The Descartes Systems Group from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday, May 30th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Stephens upped their target price on The Descartes Systems Group from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, Royal Bank of Canada lifted their price target on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.00.

The Descartes Systems Group Stock Up 0.9 %

Shares of The Descartes Systems Group stock traded up $0.85 during trading hours on Friday, reaching $100.09. 102,412 shares of the company’s stock were exchanged, compared to its average volume of 159,287. The business has a fifty day moving average of $97.58 and a two-hundred day moving average of $93.82. The company has a market capitalization of $8.55 billion, a P/E ratio of 71.49 and a beta of 0.98. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $104.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $151.30 million for the quarter, compared to analysts’ expectations of $151.80 million. The Descartes Systems Group had a net margin of 20.62% and a return on equity of 9.96%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. As a group, research analysts predict that The Descartes Systems Group Inc. will post 1.7 EPS for the current 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.