Public Employees Retirement System of Ohio Decreases Holdings in The Descartes Systems Group Inc. $DSGX

Public Employees Retirement System of Ohio trimmed its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,794 shares of the technology company’s stock after selling 1,709 shares during the period. Public Employees Retirement System of Ohio’s holdings in The Descartes Systems Group were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in The Descartes Systems Group by 23.2% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock worth $63,000 after buying an additional 117 shares during the last quarter. Wealth Alliance LLC lifted its holdings in shares of The Descartes Systems Group by 5.4% in the 1st quarter. Wealth Alliance LLC now owns 2,297 shares of the technology company’s stock valued at $232,000 after purchasing an additional 118 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of The Descartes Systems Group by 35.1% in the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock valued at $59,000 after purchasing an additional 152 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in shares of The Descartes Systems Group by 4.7% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 3,464 shares of the technology company’s stock valued at $349,000 after purchasing an additional 154 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of The Descartes Systems Group by 0.4% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 42,539 shares of the technology company’s stock valued at $4,282,000 after purchasing an additional 155 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DSGX. Morgan Stanley began coverage on The Descartes Systems Group in a report on Monday, July 14th. They issued an “equal weight” rating and a $110.00 target price for the company. Zacks Research raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. TD Securities began coverage on The Descartes Systems Group in a report on Friday. They issued a “buy” rating and a $121.00 target price for the company. TD Cowen reaffirmed a “buy” rating and set a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday. Finally, Wall Street Zen raised The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.80.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $93.90 on Friday. The firm has a market capitalization of $8.07 billion, a PE ratio of 55.56 and a beta of 0.77. The Descartes Systems Group Inc. has a 12 month low of $91.00 and a 12 month high of $124.31. The business’s 50-day moving average is $101.02 and its two-hundred day moving average is $103.40.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The firm had revenue of $178.98 million during the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

The Descartes Systems Group Profile

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.