9,665 Shares in The Descartes Systems Group Inc. $DSGX Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC purchased a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,665 shares of the technology company’s stock, valued at approximately $669,000.

Several other large investors have also recently bought and sold shares of DSGX. Manning & Napier Advisors LLC raised its holdings in The Descartes Systems Group by 59.2% in the 2nd quarter. Manning & Napier Advisors LLC now owns 95,390 shares of the technology company’s stock valued at $6,605,000 after acquiring an additional 35,461 shares during the period. Cibc World Market Inc. bought a new stake in shares of The Descartes Systems Group during the second quarter worth approximately $4,297,000. OMERS ADMINISTRATION Corp bought a new stake in shares of The Descartes Systems Group during the second quarter worth approximately $4,113,000. Sanctuary Advisors LLC acquired a new position in shares of The Descartes Systems Group in the second quarter valued at approximately $216,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of The Descartes Systems Group in the second quarter valued at approximately $58,755,000. 77.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on DSGX shares. Weiss Ratings raised The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Raymond James Financial decreased their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Loop Capital reiterated a “buy” rating and set a $96.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, June 4th. National Bank Financial set a $95.00 target price on The Descartes Systems Group and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.54.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $78.47 on Tuesday. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $109.00. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 39.23 and a beta of 0.62. The company’s 50 day simple moving average is $73.19 and its 200 day simple moving average is $71.46.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $166.96 million during the quarter, compared to analysts’ expectations of $193.57 million. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. As a group, analysts anticipate that The Descartes Systems Group Inc. will post 2.37 EPS for the current fiscal year.

About The Descartes Systems Group

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.