Addenda Capital Inc. lessened its holdings in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 459,168 shares of the technology company’s stock after selling 20,910 shares during the period. Descartes Systems Group accounts for 0.9% of Addenda Capital Inc.’s investment portfolio, making the stock its 26th largest holding. Addenda Capital Inc.’s holdings in Descartes Systems Group were worth $13,099,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DSGX. Conestoga Capital Advisors LLC grew its stake in Descartes Systems Group by 14.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,426,505 shares of the technology company’s stock valued at $66,365,000 after purchasing an additional 308,445 shares during the period. Macquarie Group Ltd. bought a new position in shares of Descartes Systems Group during the 3rd quarter worth $5,184,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Descartes Systems Group by 204.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 253,400 shares of the technology company’s stock worth $6,168,000 after acquiring an additional 170,100 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of Descartes Systems Group by 4.1% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,985,735 shares of the technology company’s stock worth $108,765,000 after acquiring an additional 157,769 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Descartes Systems Group by 292.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 157,544 shares of the technology company’s stock worth $3,836,000 after acquiring an additional 117,435 shares during the period. Hedge funds and other institutional investors own 76.96% of the company’s stock.

Shares of Descartes Systems Group Inc (NASDAQ:DSGX) traded down $0.15 during midday trading on Friday, reaching $27.90. The company’s stock had a trading volume of 78,900 shares, compared to its average volume of 54,362. Descartes Systems Group Inc has a fifty-two week low of $21.00 and a fifty-two week high of $31.23. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.11. The company has a market cap of $2,150.00, a P/E ratio of 82.06 and a beta of 0.51.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, November 29th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Descartes Systems Group had a return on equity of 5.83% and a net margin of 11.61%. The company had revenue of $62.00 million during the quarter, compared to the consensus estimate of $60.01 million. The business’s quarterly revenue was up 20.4% on a year-over-year basis. equities research analysts predict that Descartes Systems Group Inc will post 0.37 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada increased their price target on Descartes Systems Group from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Barclays increased their price target on Descartes Systems Group from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, November 30th. Raymond James Financial downgraded Descartes Systems Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 30th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $31.00 price target on shares of Descartes Systems Group in a research note on Wednesday, November 29th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.39.

WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/descartes-systems-group-inc-dsgx-holdings-cut-by-addenda-capital-inc/1804480.html.

About Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Want to see what other hedge funds are holding DSGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG).

Institutional Ownership by Quarter for Descartes Systems Group (NASDAQ:DSGX)

Receive News & Ratings for Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.