National Bank of Canada FI Sells 9,601 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

National Bank of Canada FI reduced its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 6.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 150,199 shares of the technology company’s stock after selling 9,601 shares during the quarter. National Bank of Canada FI’s holdings in The Descartes Systems Group were worth $12,215,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Natixis Advisors L.P. boosted its stake in The Descartes Systems Group by 3.8% in the 4th quarter. Natixis Advisors L.P. now owns 24,248 shares of the technology company’s stock worth $2,038,000 after purchasing an additional 885 shares in the last quarter. AtonRa Partners raised its position in The Descartes Systems Group by 1.6% during the 4th quarter. AtonRa Partners now owns 8,639 shares of the technology company’s stock worth $726,000 after buying an additional 137 shares during the last quarter. Intellectus Partners LLC purchased a new position in shares of The Descartes Systems Group during the 4th quarter valued at approximately $227,000. Russell Investments Group Ltd. increased its holdings in shares of The Descartes Systems Group by 14.8% during the 4th quarter. Russell Investments Group Ltd. now owns 253,893 shares of the technology company’s stock valued at $21,420,000 after purchasing an additional 32,794 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of The Descartes Systems Group by 45.6% during the 4th quarter. Signaturefd LLC now owns 1,015 shares of the technology company’s stock valued at $85,000 after purchasing an additional 318 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DSGX. Wolfe Research raised shares of The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Wednesday, January 10th. William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st. Stephens boosted their price target on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. CIBC raised shares of The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and boosted their price target for the company from $96.50 to $101.00 in a research report on Tuesday, April 16th. Finally, Raymond James boosted their price objective on shares of The Descartes Systems Group from $84.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.44.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $97.60 on Thursday. The firm has a market capitalization of $8.32 billion, a PE ratio of 72.84 and a beta of 0.91. The firm’s 50-day moving average is $91.87 and its two-hundred day moving average is $85.79. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $97.61.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.07. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The firm had revenue of $148.20 million for the quarter, compared to analysts’ expectations of $146.62 million. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that The Descartes Systems Group Inc. will post 1.69 EPS 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.