AGF Investments Inc. decreased its holdings in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 57.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,590 shares of the technology company’s stock after selling 182,255 shares during the quarter. AGF Investments Inc. owned 0.18% of Descartes Systems Group worth $4,667,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DSGX. Sei Investments Co. increased its position in shares of Descartes Systems Group by 3,015.9% during the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after purchasing an additional 4,373 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of Descartes Systems Group during the 2nd quarter valued at about $222,000. CLARET ASSET MANAGEMENT Corp increased its position in shares of Descartes Systems Group by 26.2% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 9,298 shares of the technology company’s stock valued at $315,000 after purchasing an additional 1,930 shares during the last quarter. Signition LP purchased a new stake in shares of Descartes Systems Group during the 3rd quarter valued at about $485,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Descartes Systems Group by 12.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 17,660 shares of the technology company’s stock valued at $574,000 after purchasing an additional 1,900 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:DSGX traded down $0.10 during mid-day trading on Friday, reaching $27.64. 96,570 shares of the company traded hands, compared to its average volume of 78,054. The company has a market cap of $2.13 billion, a PE ratio of 78.97 and a beta of 0.45. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. Descartes Systems Group Inc has a 52 week low of $24.85 and a 52 week high of $35.87.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). Descartes Systems Group had a net margin of 11.24% and a return on equity of 5.88%. The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $69.69 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts predict that Descartes Systems Group Inc will post 0.42 earnings per share for the current fiscal year.

DSGX has been the subject of several research reports. BidaskClub raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research raised shares of Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, BMO Capital Markets set a $32.00 price target on shares of Descartes Systems Group and gave the company a “market perform” rating in a research report on Thursday, November 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.20.

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Descartes Systems Group Company Profile

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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