The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,626 shares of the technology company’s stock after selling 1,955 shares during the quarter. Centaurus Financial Inc.’s holdings in The Descartes Systems Group were worth $5,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DSGX. Westfield Capital Management Co. LP acquired a new position in shares of The Descartes Systems Group during the 1st quarter worth approximately $47,481,000. Price T Rowe Associates Inc. MD grew its holdings in 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 buying an additional 278,796 shares in the last quarter. Riverbridge Partners LLC increased its stake in shares of The Descartes Systems Group by 36.6% in the 1st quarter. Riverbridge Partners LLC now owns 976,613 shares of the technology company’s stock worth $89,389,000 after acquiring an additional 261,688 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of The Descartes Systems Group by 3,799.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 260,002 shares of the technology company’s stock worth $21,856,000 after acquiring an additional 253,334 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in shares of The Descartes Systems Group during the 2nd quarter valued at about $20,608,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Down 0.3 %

Shares of NASDAQ DSGX opened at $101.68 on Thursday. The stock has a market cap of $8.68 billion, a P/E ratio of 72.63 and a beta of 0.98. The business’s fifty day simple moving average is $99.25 and its 200-day simple moving average is $96.52. The Descartes Systems Group Inc. has a 12-month low of $69.59 and a 12-month high of $105.12.

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 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 company had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same period in the prior year, the business earned $0.32 EPS. The Descartes Systems Group’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DSGX. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 5th. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets increased their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research note on Thursday, September 5th. Finally, National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.83.

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.