1,874 Shares in The Descartes Systems Group Inc. (NASDAQ:DSGX) Bought by Hilltop National Bank

Hilltop National Bank bought a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,874 shares of the technology company’s stock, valued at approximately $172,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DSGX. Brown Brothers Harriman & Co. acquired a new stake in The Descartes Systems Group in the 4th quarter valued at $27,000. Central Pacific Bank Trust Division bought a new stake in The Descartes Systems Group during the first quarter worth about $28,000. Accent Capital Management LLC acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. grew its stake in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after purchasing an additional 429 shares in the last quarter. Finally, Park Place Capital Corp increased its position in shares of The Descartes Systems Group by 48.5% during the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DSGX shares. Redburn Atlantic began coverage on The Descartes Systems Group in a report on Tuesday, May 14th. They issued a “neutral” rating and a $90.00 price objective for the company. Barclays boosted their price objective on shares of The Descartes Systems Group from $75.00 to $87.00 and gave the stock an “underweight” rating in a research note on Friday, May 17th. Scotiabank raised their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. TD Securities boosted their price target on The Descartes Systems Group from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Royal Bank of Canada upped their price objective on The Descartes Systems Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.00.

The Descartes Systems Group Trading Up 0.9 %

DSGX stock traded up $0.93 during trading hours on Friday, hitting $101.07. 101,283 shares of the stock were exchanged, compared to its average volume of 123,748. The Descartes Systems Group Inc. has a 12 month low of $69.59 and a 12 month high of $101.55. The firm has a market capitalization of $8.63 billion, a P/E ratio of 72.19 and a beta of 0.98. The company has a 50-day simple moving average of $96.43 and a two-hundred day simple moving average of $91.38.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The Descartes Systems Group had a return on equity of 9.96% and a net margin of 20.62%. The business had revenue of $151.30 million for the quarter, compared to the consensus estimate of $151.80 million. During the same period in the prior year, the business posted $0.34 earnings per share. The Descartes Systems Group’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts predict that The Descartes Systems Group Inc. will post 1.7 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.