CW Advisors LLC Sells 25,727 Shares of The Descartes Systems Group Inc. $DSGX

Key Points

• CW Advisors LLC sold 25,727 shares of The Descartes Systems Group, reducing its stake by 17.1%, now holding 124,479 shares valued at approximately $12.55 million.
• Analysts have set a new average price target of $122.18 for The Descartes Systems Group, with ratings varying from "Strong Buy" to "Sell".
• The Descartes Systems Group reported an EPS of $0.41 for the last quarter, missing the consensus estimate of $0.46 by $0.05, while revenue saw an 11.5% year-over-year increase.

CW Advisors LLC trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 17.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,479 shares of the technology company's stock after selling 25,727 shares during the period. CW Advisors LLC owned 0.15% of The Descartes Systems Group worth $12,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DSGX. NBC Securities Inc. bought a new position in shares of The Descartes Systems Group in the first quarter worth $25,000. GeoWealth Management LLC boosted its stake in The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after buying an additional 132 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in The Descartes Systems Group during the first quarter valued at about $49,000. Optiver Holding B.V. purchased a new stake in The Descartes Systems Group during the fourth quarter valued at about $66,000. Finally, Johnson Financial Group Inc. raised its position in The Descartes Systems Group by 830.9% during the fourth quarter. Johnson Financial Group Inc. now owns 875 shares of the technology company's stock valued at $101,000 after purchasing an additional 781 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Trading Down 2.1%

Shares of DSGX stock traded down $2.08 during midday trading on Monday, reaching $99.29. 279,288 shares of the stock were exchanged, compared to its average volume of 346,541. The Descartes Systems Group Inc. has a 1 year low of $92.00 and a 1 year high of $124.31. The company's 50 day moving average is $102.32 and its two-hundred day moving average is $105.16. The firm has a market cap of $8.53 billion, a PE ratio of 59.81 and a beta of 0.81.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, June 4th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The Descartes Systems Group had a return on equity of 10.53% and a net margin of 21.67%.The firm had revenue of $168.74 million for the quarter, compared to analysts' expectations of $169.60 million. During the same quarter last year, the company posted $0.40 EPS. The firm's revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered their price target on The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 5th. Wall Street Zen downgraded The Descartes Systems Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada lowered their price target 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, June 5th. Finally, Morgan Stanley assumed coverage on The Descartes Systems Group in a research report on Monday, July 14th. They set an "equal weight" rating and a $110.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has an average rating of "Moderate Buy" and an average target price of $122.18.

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.