Pembroke Management LTD decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 896,600 shares of the technology company’s stock after selling 442,200 shares during the period. The Descartes Systems Group accounts for about 3.0% of Pembroke Management LTD’s investment portfolio, making the stock its 6th largest position. Pembroke Management LTD owned about 1.17% of The Descartes Systems Group worth $30,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in The Descartes Systems Group by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock worth $189,000 after acquiring an additional 495 shares during the period. Parametric Portfolio Associates LLC raised its stake in The Descartes Systems Group by 3.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 17,589 shares of the technology company’s stock worth $403,000 after acquiring an additional 654 shares during the period. Suntrust Banks Inc. raised its stake in The Descartes Systems Group by 4.9% during the 2nd quarter. Suntrust Banks Inc. now owns 14,338 shares of the technology company’s stock worth $348,000 after acquiring an additional 672 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Descartes Systems Group by 20.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock valued at $123,000 after buying an additional 860 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of The Descartes Systems Group by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 67,210 shares of the technology company’s stock valued at $1,539,000 after buying an additional 955 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

The Descartes Systems Group Inc. (NASDAQ:DSGX) traded up $0.70 during midday trading on Wednesday, reaching $30.95. 72,300 shares of the company’s stock traded hands, compared to its average volume of 58,602. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $2,320.99, a price-to-earnings ratio of 88.97 and a beta of 0.54. The Descartes Systems Group Inc. has a 52 week low of $20.35 and a 52 week high of $31.05.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $55.74 million. The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. research analysts anticipate that The Descartes Systems Group Inc. will post 0.38 EPS for the current fiscal year.

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DSGX has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $30.00 price objective (up previously from $28.00) on shares of The Descartes Systems Group in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Wednesday, August 23rd. TD Securities lifted their price objective on shares of The Descartes Systems Group from $29.00 to $40.50 and gave the company a “buy” rating in a research report on Thursday, September 7th. BMO Capital Markets reiterated a “hold” rating and set a $26.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, August 17th. Finally, Scotiabank lifted their price objective on shares of The Descartes Systems Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.06.

About The 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.

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

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