Descartes Systems Group Inc (DSGX) Holdings Boosted by Russell Investments Group Ltd.

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Russell Investments Group Ltd. boosted its stake in shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 170.7% during the second quarter, HoldingsChannel.com reports. The firm owned 151,445 shares of the technology company’s stock after acquiring an additional 95,506 shares during the period. Russell Investments Group Ltd.’s holdings in Descartes Systems Group were worth $4,909,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its stake in Descartes Systems Group by 12.1% during the second quarter. CIBC Private Wealth Group LLC now owns 17,660 shares of the technology company’s stock worth $574,000 after purchasing an additional 1,900 shares during the period. Granite Investment Partners LLC raised its stake in shares of Descartes Systems Group by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 421,522 shares of the technology company’s stock valued at $13,699,000 after acquiring an additional 2,025 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Descartes Systems Group by 1.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 170,623 shares of the technology company’s stock valued at $4,871,000 after acquiring an additional 2,223 shares during the period. Sei Investments Co. raised its stake in shares of Descartes Systems Group by 3,015.9% in the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after acquiring an additional 4,373 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Descartes Systems Group by 7.6% in the 1st quarter. Northern Trust Corp now owns 69,310 shares of the technology company’s stock valued at $1,979,000 after acquiring an additional 4,899 shares during the period. 81.17% of the stock is currently owned by institutional investors.

DSGX has been the topic of a number of research reports. TD Securities raised their target price on shares of Descartes Systems Group from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research downgraded shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. BidaskClub downgraded shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Morgan Stanley raised their target price on shares of Descartes Systems Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, June 1st. Finally, Canaccord Genuity raised their target price on shares of Descartes Systems Group from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.17.

Shares of DSGX stock opened at $33.85 on Friday. Descartes Systems Group Inc has a 52 week low of $24.85 and a 52 week high of $35.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.64 billion, a PE ratio of 92.97 and a beta of 0.41.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 5th. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. Descartes Systems Group had a net margin of 10.92% and a return on equity of 5.66%. The business had revenue of $67.10 million for the quarter, compared to the consensus estimate of $67.70 million. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. equities analysts expect that Descartes Systems Group Inc will post 0.45 earnings per share for the current year.

About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Institutional Ownership by Quarter for Descartes Systems Group (NASDAQ:DSGX)

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