The Descartes Systems Group Inc. $DSGX Shares Sold by CW Advisors LLC

CW Advisors LLC cut its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,566 shares of the technology company’s stock after selling 22,913 shares during the quarter. CW Advisors LLC owned approximately 0.12% of The Descartes Systems Group worth $10,324,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC grew its holdings in The Descartes Systems Group by 7.7% during the 1st quarter. LPL Financial LLC now owns 23,021 shares of the technology company’s stock valued at $2,321,000 after buying an additional 1,646 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of The Descartes Systems Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,345,692 shares of the technology company’s stock valued at $336,814,000 after acquiring an additional 46,369 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of The Descartes Systems Group by 80.5% during the first quarter. Deutsche Bank AG now owns 236,029 shares of the technology company’s stock valued at $23,799,000 after acquiring an additional 105,238 shares during the last quarter. National Bank of Canada FI increased its position in The Descartes Systems Group by 12.5% during the 1st quarter. National Bank of Canada FI now owns 822,168 shares of the technology company’s stock worth $82,651,000 after purchasing an additional 91,390 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. raised its stake in The Descartes Systems Group by 25.0% in the 1st quarter. PCJ Investment Counsel Ltd. now owns 35,710 shares of the technology company’s stock valued at $3,599,000 after purchasing an additional 7,140 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DSGX has been the subject of a number of recent research reports. Royal Bank Of Canada set a $126.00 price target on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley decreased their target price on shares of The Descartes Systems Group from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 20th. TD Securities initiated coverage on shares of The Descartes Systems Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $121.00 target price for the company. Raymond James Financial upgraded The Descartes Systems Group from a “market perform” rating to an “outperform” rating and set a $118.00 price target for the company in a report on Thursday. 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, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average target price of $117.55.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $94.87 on Friday. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 53.60 and a beta of 0.74. The Descartes Systems Group Inc. has a one year low of $78.88 and a one year high of $124.31. The company has a 50 day moving average price of $89.29 and a 200 day moving average price of $98.74.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $186.78 million during the quarter, compared to analysts’ expectations of $184.24 million. The Descartes Systems Group had a net margin of 22.10% and a return on equity of 10.76%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. As a group, equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS 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.