The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. cut its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,323 shares of the technology company’s stock after selling 3,303 shares during the period. Centaurus Financial Inc. owned 0.06% of The Descartes Systems Group worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Nicolet Advisory Services LLC boosted its stake in shares of The Descartes Systems Group by 6.4% in the third quarter. Nicolet Advisory Services LLC now owns 5,485 shares of the technology company’s stock worth $551,000 after acquiring an additional 331 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its position in The Descartes Systems Group by 19.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 42,902 shares of the technology company’s stock worth $4,420,000 after buying an additional 7,008 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in The Descartes Systems Group by 2.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock worth $48,456,000 after buying an additional 9,768 shares in the last quarter. Intech Investment Management LLC lifted its position in The Descartes Systems Group by 41.6% during the third quarter. Intech Investment Management LLC now owns 10,671 shares of the technology company’s stock worth $1,099,000 after buying an additional 3,134 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. lifted its position in The Descartes Systems Group by 40.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 29,540 shares of the technology company’s stock worth $3,041,000 after buying an additional 8,460 shares in the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $116.08 on Friday. The stock has a 50-day simple moving average of $106.61 and a 200-day simple moving average of $100.69. The stock has a market cap of $9.92 billion, a P/E ratio of 78.43 and a beta of 0.97. The Descartes Systems Group Inc. has a 1 year low of $79.21 and a 1 year high of $117.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities research analysts predict that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DSGX shares. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a “buy” rating in a research report on Thursday, September 5th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. BMO Capital Markets lifted their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research report on Thursday, September 5th. Finally, StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus price target of $109.25.

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.