Northwestern Mutual Wealth Management Co. Has $122,000 Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Northwestern Mutual Wealth Management Co. increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 28.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,256 shares of the technology company’s stock after purchasing an additional 279 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in The Descartes Systems Group were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DSGX. Westfield Capital Management Co. LP bought a new stake in shares of The Descartes Systems Group in the 1st quarter valued at about $47,481,000. Price T Rowe Associates Inc. MD raised its holdings in shares of The Descartes Systems Group by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock valued at $695,864,000 after purchasing an additional 278,796 shares during the period. William Blair Investment Management LLC bought a new stake in shares of The Descartes Systems Group in the 2nd quarter valued at about $20,608,000. Grandeur Peak Global Advisors LLC bought a new stake in shares of The Descartes Systems Group in the 1st quarter valued at about $19,264,000. Finally, Zeno Equity Partners LLP bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at about $11,108,000. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Trading Up 1.6 %

Shares of DSGX opened at $105.70 on Friday. The Descartes Systems Group Inc. has a 12 month low of $69.59 and a 12 month high of $106.22. The firm’s 50 day moving average is $99.72 and its 200-day moving average is $97.01. The stock has a market capitalization of $9.03 billion, a PE ratio of 71.42 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of The Descartes Systems Group in a report on Thursday, September 5th. Barclays increased their price target on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a report on Thursday, September 5th. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.83.

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.