Triasima Portfolio Management inc. Decreases Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Triasima Portfolio Management inc. trimmed its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 7.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,960 shares of the technology company's stock after selling 5,500 shares during the period. The Descartes Systems Group accounts for about 1.4% of Triasima Portfolio Management inc.'s holdings, making the stock its 20th largest holding. Triasima Portfolio Management inc. owned about 0.08% of The Descartes Systems Group worth $6,941,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DSGX. EverSource Wealth Advisors LLC increased its position in shares of The Descartes Systems Group by 14.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock worth $96,000 after purchasing an additional 108 shares in the last quarter. GeoWealth Management LLC increased its position in shares of The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after purchasing an additional 132 shares in the last quarter. Shell Asset Management Co. increased its position in shares of The Descartes Systems Group by 1.8% during the fourth quarter. Shell Asset Management Co. now owns 9,714 shares of the technology company's stock worth $1,104,000 after purchasing an additional 172 shares in the last quarter. Vista Finance LLC increased its position in shares of The Descartes Systems Group by 7.0% during the first quarter. Vista Finance LLC now owns 3,119 shares of the technology company's stock worth $314,000 after purchasing an additional 203 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in shares of The Descartes Systems Group by 1.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock worth $2,677,000 after purchasing an additional 222 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on DSGX. Barclays cut their target price 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. Morgan Stanley started coverage on The Descartes Systems Group in a research note on Monday, July 14th. They set an "equal weight" rating and a $110.00 price objective for the company. Royal Bank Of Canada reduced their price objective on The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. Stephens reduced their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Scotiabank upped their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, The Descartes Systems Group currently has an average rating of "Moderate Buy" and a consensus price target of $122.18.

The Descartes Systems Group Price Performance

NASDAQ DSGX traded down $0.25 on Friday, hitting $105.09. 374,959 shares of the company's stock were exchanged, compared to its average volume of 252,524. The firm's 50-day moving average price is $106.07 and its two-hundred day moving average price is $107.45. The Descartes Systems Group Inc. has a fifty-two week low of $90.61 and a fifty-two week high of $124.31. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 63.31 and a beta of 0.82.

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

The Descartes Systems Group Company 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.