The Descartes Systems Group Inc. (NASDAQ:DSGX) Holdings Raised by Assetmark Inc.

Assetmark Inc. grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,839 shares of the technology company’s stock after acquiring an additional 197 shares during the quarter. Assetmark Inc.’s holdings in The Descartes Systems Group were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Fiera Capital Corp boosted its position in The Descartes Systems Group by 0.8% during the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after purchasing an additional 19,817 shares during the period. MinichMacGregor Wealth Management LLC boosted its position in The Descartes Systems Group by 5.2% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 84,147 shares of the technology company’s stock valued at $8,664,000 after purchasing an additional 4,193 shares during the period. Conestoga Capital Advisors LLC boosted its position in The Descartes Systems Group by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock valued at $326,238,000 after purchasing an additional 52,485 shares during the period. Stephens Inc. AR boosted its position in The Descartes Systems Group by 2.4% during the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 238 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in The Descartes Systems Group during the 3rd quarter valued at approximately $240,000. 77.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DSGX. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Friday. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the stock a “buy” rating in a research report on Thursday, September 5th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Scotiabank upped their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.25.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $111.41 on Friday. The Descartes Systems Group Inc. has a 52-week low of $79.21 and a 52-week high of $117.24. The company has a market cap of $9.52 billion, a P/E ratio of 75.28 and a beta of 0.97. The stock’s 50-day simple moving average is $104.91 and its 200 day simple moving average is $100.02.

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

The Descartes Systems Group Company 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.