Bank Julius Baer & Co. Ltd Zurich Sells 5,262 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Bank Julius Baer & Co. Ltd Zurich decreased its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,320 shares of the technology company's stock after selling 5,262 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.08% of The Descartes Systems Group worth $7,517,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DSGX. NBC Securities Inc. bought a new position in shares of The Descartes Systems Group in the 1st quarter worth $25,000. GeoWealth Management LLC grew its holdings in shares of The Descartes Systems Group by 63.2% during 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. Cullen Frost Bankers Inc. bought a new position in shares of The Descartes Systems Group during the 1st quarter valued at $49,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of The Descartes Systems Group during the 4th quarter valued at $57,000. Finally, Optiver Holding B.V. bought a new position in shares of The Descartes Systems Group during the 4th quarter valued at $66,000. Institutional investors own 77.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DSGX shares. Royal Bank Of Canada dropped their price target on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th. Barclays dropped their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. Morgan Stanley started coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They set an "equal weight" rating and a $110.00 price target for the company. Finally, Stephens dropped their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, The Descartes Systems Group presently has an average rating of "Moderate Buy" and a consensus price target of $122.18.

The Descartes Systems Group Trading Up 1.3%

NASDAQ:DSGX traded up $1.35 on Friday, reaching $107.80. 171,116 shares of the stock traded hands, compared to its average volume of 331,983. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 64.94 and a beta of 0.82. The Descartes Systems Group Inc. has a 12 month low of $90.61 and a 12 month high of $124.31. The company's fifty day simple moving average is $105.43 and its 200 day simple moving average is $107.26.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings data 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 firm had revenue of $168.74 million for the quarter, compared to the consensus estimate of $169.60 million. The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. Equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal 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.