The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Ativo Capital Management LLC

Ativo Capital Management LLC lowered its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,407 shares of the technology company’s stock after selling 303 shares during the period. The Descartes Systems Group accounts for approximately 1.5% of Ativo Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Ativo Capital Management LLC’s holdings in The Descartes Systems Group were worth $1,523,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Avior Wealth Management LLC boosted its stake in The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after buying an additional 117 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in The Descartes Systems Group by 3.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock worth $388,000 after buying an additional 137 shares during the last quarter. Mather Group LLC. boosted its stake in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after buying an additional 181 shares during the last quarter. Allworth Financial LP boosted its stake in The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after buying an additional 182 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX opened at $111.88 on Friday. The company has a market cap of $9.58 billion, a P/E ratio of 70.37 and a beta of 0.99. The Descartes Systems Group Inc. has a one year low of $84.83 and a one year high of $124.31. The business’s 50-day simple moving average is $115.68 and its 200 day simple moving average is $109.29.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period in the previous year, the company earned $0.31 EPS. Analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

DSGX has been the topic of a number of research analyst reports. Scotiabank raised their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Loop Capital assumed coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target on the stock. BMO Capital Markets raised their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.92.

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.