The Descartes Systems Group Inc. (NASDAQ:DSGX) Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 41.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,671 shares of the technology company’s stock after purchasing an additional 3,134 shares during the period. Intech Investment Management LLC’s holdings in The Descartes Systems Group were worth $1,099,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. NBW Capital LLC grew its holdings in shares of The Descartes Systems Group by 3.5% during the 1st quarter. NBW Capital LLC now owns 71,509 shares of the technology company’s stock valued at $6,545,000 after acquiring an additional 2,392 shares in the last quarter. Park Place Capital Corp grew its stake in The Descartes Systems Group by 31.6% in the second quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock valued at $86,000 after purchasing an additional 212 shares in the last quarter. First Hawaiian Bank acquired a new position in The Descartes Systems Group in the 2nd quarter worth about $1,612,000. Canandaigua National Bank & Trust Co. purchased a new stake in shares of The Descartes Systems Group during the 2nd quarter worth about $295,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of The Descartes Systems Group by 52.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,474 shares of the technology company’s stock valued at $1,014,000 after buying an additional 3,605 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 0.7 %

Shares of DSGX opened at $116.27 on Thursday. The stock’s 50-day moving average price is $107.32 and its 200 day moving average price is $101.01. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 79.12 and a beta of 0.97. The Descartes Systems Group Inc. has a 12-month low of $79.21 and a 12-month high of $117.95.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DSGX. Scotiabank raised their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Canaccord Genuity Group set a $108.00 price target on shares of The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets boosted their target price on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.25.

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.