Macquarie Group Ltd. grew its holdings in shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 9.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 213,197 shares of the technology company’s stock after acquiring an additional 19,000 shares during the period. Macquarie Group Ltd.’s holdings in Descartes Systems Group were worth $6,942,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Descartes Systems Group by 3,015.9% during the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after acquiring an additional 4,373 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Descartes Systems Group by 12.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 17,660 shares of the technology company’s stock valued at $574,000 after acquiring an additional 1,900 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Descartes Systems Group by 5.7% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,920,720 shares of the technology company’s stock valued at $94,923,000 after acquiring an additional 158,740 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Descartes Systems Group by 76.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,014,123 shares of the technology company’s stock valued at $65,527,000 after acquiring an additional 871,960 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Descartes Systems Group by 3.7% during the 2nd quarter. American Century Companies Inc. now owns 257,717 shares of the technology company’s stock valued at $8,396,000 after acquiring an additional 9,103 shares in the last quarter. Institutional investors own 81.11% of the company’s stock.

Shares of NASDAQ DSGX opened at $34.35 on Tuesday. Descartes Systems Group Inc has a 1-year low of $24.85 and a 1-year high of $35.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 95.54 and a beta of 0.41.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 5th. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Descartes Systems Group had a return on equity of 5.66% and a net margin of 10.92%. The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $67.70 million. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. sell-side analysts anticipate that Descartes Systems Group Inc will post 0.45 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. BidaskClub raised Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 16th. Morgan Stanley upped their price target on Descartes Systems Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, June 1st. Canaccord Genuity upped their price target on Descartes Systems Group from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Barclays upped their price target on Descartes Systems Group from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, May 31st. Finally, Zacks Investment Research lowered Descartes Systems Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.17.

Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

Recommended Story: Marijuana Stocks Investing Considerations

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.