Ativo Capital Management LLC Reduces Holdings in The Descartes Systems Group Inc. $DSGX

Ativo Capital Management LLC decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,060 shares of the technology company’s stock after selling 252 shares during the period. Ativo Capital Management LLC’s holdings in The Descartes Systems Group were worth $1,328,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in The Descartes Systems Group during the 1st quarter worth approximately $49,000. Parallel Advisors LLC increased its holdings 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 purchasing an additional 152 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of The Descartes Systems Group by 23.2% in the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock worth $63,000 after buying an additional 117 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of The Descartes Systems Group in the first quarter worth $141,000. Finally, Hilltop National Bank bought a new stake in shares of The Descartes Systems Group in the second quarter worth $215,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DSGX. Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Morgan Stanley initiated coverage on The Descartes Systems Group in a report on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price objective for the company. Zacks Research raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. TD Cowen reissued a “buy” rating and issued a $121.00 price objective on shares of The Descartes Systems Group in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of The Descartes Systems Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.80.

The Descartes Systems Group Trading Up 2.6%

NASDAQ:DSGX opened at $97.96 on Tuesday. The firm has a market capitalization of $8.42 billion, a PE ratio of 57.96 and a beta of 0.77. The stock has a 50 day moving average of $99.84 and a 200-day moving average of $103.16. The Descartes Systems Group Inc. has a 52 week low of $91.00 and a 52 week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $178.98 million for the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. As a group, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

About The Descartes Systems Group

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.