The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA lowered its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGXGet Rating) (TSE:DSG) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,900 shares of the technology company’s stock after selling 1,328 shares during the quarter. Pictet Asset Management SA’s holdings in The Descartes Systems Group were worth $366,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DSGX. Prospera Financial Services Inc acquired a new stake in The Descartes Systems Group during the first quarter worth approximately $117,000. Stephens Investment Management Group LLC boosted its position in The Descartes Systems Group by 9.2% during the first quarter. Stephens Investment Management Group LLC now owns 141,427 shares of the technology company’s stock worth $10,361,000 after acquiring an additional 11,957 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of The Descartes Systems Group by 307,857.1% in the 1st quarter. ClariVest Asset Management LLC now owns 43,114 shares of the technology company’s stock valued at $3,158,000 after purchasing an additional 43,100 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of The Descartes Systems Group by 41.5% in the 1st quarter. Russell Investments Group Ltd. now owns 129,650 shares of the technology company’s stock valued at $9,497,000 after purchasing an additional 38,032 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of The Descartes Systems Group by 78.1% in the 1st quarter. National Bank of Canada FI now owns 120,547 shares of the technology company’s stock valued at $8,557,000 after purchasing an additional 52,878 shares during the last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DSGX. Canaccord Genuity Group lifted their price target on shares of The Descartes Systems Group from $74.00 to $77.00 in a report on Thursday, September 8th. Barclays lowered shares of The Descartes Systems Group from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $72.00 to $60.00 in a report on Tuesday, October 18th. Canaccord Genuity Group lifted their price target on shares of The Descartes Systems Group from $74.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Wolfe Research lowered shares of The Descartes Systems Group from an “outperform” rating to a “peer perform” rating in a report on Thursday, November 17th. Finally, StockNews.com assumed coverage on shares of The Descartes Systems Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.89.

The Descartes Systems Group Trading Up 0.9 %

NASDAQ:DSGX opened at $69.23 on Thursday. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 65.31 and a beta of 1.03. The firm’s fifty day simple moving average is $67.27 and its 200 day simple moving average is $65.93. The Descartes Systems Group Inc. has a twelve month low of $56.19 and a twelve month high of $84.34.

The Descartes Systems Group (NASDAQ:DSGXGet Rating) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 7th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The Descartes Systems Group had a net margin of 19.69% and a return on equity of 8.97%. The firm had revenue of $123.01 million for the quarter, compared to the consensus estimate of $118.72 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that The Descartes Systems Group Inc. will post 1.08 earnings per share for the current year.

The Descartes Systems Group Company Profile

(Get Rating)

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

Read More

Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

Receive News & Ratings for The Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.