2,118 Shares in The Descartes Systems Group Inc. $DSGX Acquired by Hilltop National Bank

Hilltop National Bank acquired a new position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,118 shares of the technology company’s stock, valued at approximately $215,000.

Several other large investors have also recently made changes to their positions in DSGX. NBC Securities Inc. bought a new position in shares of The Descartes Systems Group in the 1st quarter worth $25,000. Cullen Frost Bankers Inc. bought a new position in The Descartes Systems Group in the first quarter worth about $49,000. Parallel Advisors LLC raised its holdings in The Descartes Systems Group by 35.1% in the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock worth $59,000 after purchasing an additional 152 shares in the last quarter. GAMMA Investing LLC raised its stake 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 in the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of The Descartes Systems Group during the 1st quarter worth approximately $141,000. 77.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on DSGX shares. TD Cowen reiterated a “buy” rating and set a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday. TD Securities started coverage on The Descartes Systems Group in a research report on Friday. They set a “buy” rating and a $121.00 price target on the stock. Morgan Stanley started coverage on The Descartes Systems Group in a research report on Monday, July 14th. They set an “equal weight” rating and a $110.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Descartes Systems Group in a research report on Saturday, September 27th. Finally, Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.80.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $93.90 on Friday. The stock’s 50-day simple moving average is $101.02 and its 200-day simple moving average is $103.38. The firm has a market capitalization of $8.07 billion, a PE ratio of 55.56 and a beta of 0.77. The Descartes Systems Group Inc. has a fifty-two week low of $91.00 and a fifty-two week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The business had revenue of $178.98 million during the quarter, compared to analyst estimates of $176.51 million. During the same quarter last year, the company posted $0.40 EPS. The Descartes Systems Group’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.