The Descartes Systems Group Inc. $DSGX Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in The Descartes Systems Group by 60.9% in Q2, now owning 13,692 shares valued at approximately $1.39 million.
• Several research firms have set target prices of $121.00 for The Descartes Systems Group, with a consensus rating of "Moderate Buy".
• In its latest quarterly earnings, The Descartes Systems Group reported $0.43 earnings per share, missing estimates of $0.49, despite a 10% year-over-year revenue increase to $178.98 million.

Vanguard Personalized Indexing Management LLC increased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 60.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,692 shares of the technology company's stock after purchasing an additional 5,184 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in The Descartes Systems Group were worth $1,392,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in The Descartes Systems Group in the 1st quarter worth about $49,000. Parallel Advisors LLC increased its stake in The Descartes Systems Group by 35.1% during the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company's stock worth $59,000 after buying an additional 152 shares in the last quarter. GAMMA Investing LLC increased its stake in The Descartes Systems Group by 23.2% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company's stock worth $63,000 after buying an additional 117 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in The Descartes Systems Group during the 1st quarter worth approximately $141,000. Finally, Hilltop National Bank purchased a new stake in The Descartes Systems Group during the 2nd quarter worth approximately $215,000. Institutional investors and hedge funds own 77.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DSGX. TD Securities began coverage on The Descartes Systems Group in a research note on Friday, October 3rd. They set a "buy" rating and a $121.00 price objective for the company. TD Cowen reiterated a "buy" rating and set a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday, October 3rd. Zacks Research upgraded The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of The Descartes Systems Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded The Descartes Systems Group from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.80.

The Descartes Systems Group Price Performance

DSGX stock opened at $96.28 on Friday. The business has a 50 day simple moving average of $99.25 and a 200-day simple moving average of $103.00. The firm has a market capitalization of $8.27 billion, a PE ratio of 56.97 and a beta of 0.77. The Descartes Systems Group Inc. has a 1 year low of $91.00 and a 1 year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The company had revenue of $178.98 million during the quarter, compared to analysts' expectations of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The Descartes Systems Group's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. On average, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS 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.

Want to see what other hedge funds are holding DSGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.