Ativo Capital Management LLC Trims Stock Position in The Descartes Systems Group Inc. $DSGX

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

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of The Descartes Systems Group by 5.9% during the 1st quarter. American Century Companies Inc. now owns 223,925 shares of the technology company’s stock worth $22,543,000 after acquiring an additional 12,571 shares during the period. GAMMA Investing LLC lifted its holdings in shares of The Descartes Systems Group by 23.2% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock worth $63,000 after acquiring an additional 117 shares during the period. Bank of New York Mellon Corp raised its stake in The Descartes Systems Group by 2.7% during the first quarter. Bank of New York Mellon Corp now owns 128,335 shares of the technology company’s stock worth $12,940,000 after purchasing an additional 3,316 shares during the period. Harbor Capital Advisors Inc. purchased a new position in The Descartes Systems Group during the second quarter worth approximately $1,230,000. Finally, Crown Oak Advisors LLC purchased a new position in The Descartes Systems Group during the second quarter worth approximately $4,356,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $97.96 on Tuesday. The business’s 50-day moving average is $99.84 and its two-hundred day moving average is $103.16. The Descartes Systems Group Inc. has a 12 month low of $91.00 and a 12 month high of $124.31. The firm has a market capitalization of $8.42 billion, a PE ratio of 57.96 and a beta of 0.77.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. Equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DSGX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Descartes Systems Group in a research note on Wednesday, October 8th. TD Cowen reaffirmed a “buy” rating and issued a $121.00 target price on shares of The Descartes Systems Group in a research report on Friday, October 3rd. Zacks Research raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, TD Securities started coverage on The Descartes Systems Group in a report on Friday, October 3rd. They issued a “buy” rating and a $121.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.80.

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.