Capital CS Group LLC Buys New Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Capital CS Group LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,441 shares of the technology company's stock, valued at approximately $246,000.

A number of other large investors have also added to or reduced their stakes in DSGX. EverSource Wealth Advisors LLC increased its stake in shares of The Descartes Systems Group by 14.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock valued at $96,000 after purchasing an additional 108 shares during the last quarter. GeoWealth Management LLC increased its stake in shares of The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after purchasing an additional 132 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of The Descartes Systems Group by 1.8% in the 4th quarter. Shell Asset Management Co. now owns 9,714 shares of the technology company's stock valued at $1,104,000 after purchasing an additional 172 shares during the last quarter. Mather Group LLC. grew its position in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after acquiring an additional 181 shares during the last quarter. Finally, Allworth Financial LP grew its position in The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Scotiabank boosted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 26th. BMO Capital Markets reduced their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Royal Bank of Canada reduced their price objective on The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday. Wall Street Zen downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Stephens cut their target price on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.40.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX traded down $12.21 during midday trading on Thursday, reaching $103.40. The company's stock had a trading volume of 862,126 shares, compared to its average volume of 288,595. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 65.03 and a beta of 0.88. The firm has a 50 day moving average price of $106.92 and a two-hundred day moving average price of $110.83. The Descartes Systems Group Inc. has a fifty-two week low of $90.61 and a fifty-two week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The business had revenue of $168.74 million during the quarter, compared to analyst estimates of $169.60 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share 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.