TD Asset Management Inc raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 8.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 989,224 shares of the technology company's stock after purchasing an additional 75,358 shares during the period. TD Asset Management Inc owned approximately 1.15% of The Descartes Systems Group worth $100,333,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in The Descartes Systems Group in the 1st quarter valued at about $49,000. Parallel Advisors LLC boosted its holdings in The Descartes Systems Group by 35.1% in the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company's stock valued at $59,000 after purchasing an additional 152 shares during the period. GAMMA Investing LLC boosted its holdings in The Descartes Systems Group by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company's stock valued at $63,000 after purchasing an additional 117 shares during the period. Intact Investment Management Inc. bought a new stake in The Descartes Systems Group in the 1st quarter valued at about $141,000. Finally, Hilltop National Bank bought a new stake in The Descartes Systems Group in the 2nd quarter valued at about $215,000. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Stock Down 0.4%
Shares of DSGX stock opened at $97.55 on Wednesday. The firm has a market capitalization of $8.38 billion, a P/E ratio of 57.72 and a beta of 0.77. The Descartes Systems Group Inc. has a twelve month low of $91.00 and a twelve month high of $124.31. The stock's fifty day simple moving average is $99.64 and its 200 day simple moving average is $103.12.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The business had revenue of $178.98 million during the quarter, compared to analyst estimates of $176.51 million. During the same quarter last year, the company posted $0.40 earnings per share. The company's revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. TD Securities assumed coverage on shares of The Descartes Systems Group in a research report on Friday, October 3rd. They issued a "buy" rating and a $121.00 target price for the company. Morgan Stanley assumed coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They issued an "equal weight" rating and a $110.00 target price for the company. Wall Street Zen upgraded shares of The Descartes Systems Group from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Zacks Research upgraded shares of The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. Finally, TD Cowen restated a "buy" rating and issued a $121.00 target price on shares of The Descartes Systems Group in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.80.
View Our Latest Research Report on The Descartes Systems Group
About The Descartes Systems Group
(
Free Report)
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.
See Also
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