Crestwood Advisors Group LLC Has $1.40 Million Position in The Descartes Systems Group Inc. $DSGX

Crestwood Advisors Group LLC trimmed its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,736 shares of the technology company’s stock after selling 733 shares during the quarter. Crestwood Advisors Group LLC’s holdings in The Descartes Systems Group were worth $1,396,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DSGX. American Century Companies Inc. increased its holdings in The Descartes Systems Group by 5.9% in the 1st quarter. American Century Companies Inc. now owns 223,925 shares of the technology company’s stock worth $22,543,000 after purchasing an additional 12,571 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of The Descartes Systems Group by 31.9% during the second quarter. Cidel Asset Management Inc. now owns 142,322 shares of the technology company’s stock worth $14,428,000 after purchasing an additional 34,411 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of The Descartes Systems Group by 23.2% during the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock worth $63,000 after purchasing an additional 117 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of The Descartes Systems Group by 60.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,692 shares of the technology company’s stock valued at $1,392,000 after buying an additional 5,184 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in The Descartes Systems Group by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 128,335 shares of the technology company’s stock valued at $12,940,000 after buying an additional 3,316 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 2.0%

DSGX stock opened at $83.87 on Friday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 49.63 and a beta of 0.75. The company’s fifty day simple moving average is $97.23 and its 200 day simple moving average is $102.19. The Descartes Systems Group Inc. has a 12-month low of $83.46 and a 12-month high of $124.31.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on DSGX shares. Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. CIBC reduced their price objective on shares of The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Zacks Research upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. TD Cowen reaffirmed a “buy” rating and set a $121.00 target price on shares of The Descartes Systems Group in a report on Friday, October 3rd. Finally, Morgan Stanley started coverage on The Descartes Systems Group in a research note on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.70.

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.