The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,384 shares of the technology company’s stock after selling 518 shares during the period. Montrusco Bolton Investments Inc.’s holdings in The Descartes Systems Group were worth $4,815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group during the 4th quarter worth about $54,000. GAMMA Investing LLC boosted its stake in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after buying an additional 495 shares during the period. Blue Trust Inc. increased its position in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after acquiring an additional 587 shares during the last quarter. R Squared Ltd purchased a new stake in shares of The Descartes Systems Group in the 4th quarter valued at approximately $90,000. Finally, Avanza Fonder AB acquired a new position in shares of The Descartes Systems Group in the 4th quarter worth approximately $118,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Trading Up 0.9 %

DSGX stock opened at $117.65 on Wednesday. The stock has a market cap of $10.06 billion, a P/E ratio of 73.99 and a beta of 0.99. The Descartes Systems Group Inc. has a twelve month low of $84.12 and a twelve month high of $122.88. The company’s 50 day moving average is $116.16 and its two-hundred day moving average is $107.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced 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 last year, the business earned $0.31 EPS. On average, equities research analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DSGX shares. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Royal Bank of Canada increased their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. BMO Capital Markets raised their price target 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. Finally, TD Securities increased their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average price target of $117.92.

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.