Zurcher Kantonalbank Zurich Cantonalbank Has $219,000 Holdings in Descartes Systems Group Inc (DSGX)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 12.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,021 shares of the technology company’s stock after purchasing an additional 666 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Descartes Systems Group were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DSGX. Mawer Investment Management Ltd. raised its position in shares of Descartes Systems Group by 7.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,507,360 shares of the technology company’s stock worth $93,155,000 after buying an additional 251,377 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Descartes Systems Group by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,888,093 shares of the technology company’s stock worth $64,006,000 after buying an additional 90,880 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Descartes Systems Group during the 4th quarter worth about $4,121,000. Conestoga Capital Advisors LLC raised its position in shares of Descartes Systems Group by 4.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,428,691 shares of the technology company’s stock worth $90,723,000 after buying an additional 132,251 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Descartes Systems Group during the 4th quarter worth about $33,000. 81.36% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on DSGX shares. TD Securities boosted their price target on shares of Descartes Systems Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Royal Bank of Canada boosted their price target on shares of Descartes Systems Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Echelon Wealth Partners reiterated a “buy” rating on shares of Descartes Systems Group in a report on Monday, January 28th. BidaskClub upgraded shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, Raymond James boosted their target price on shares of Descartes Systems Group from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $38.13.

DSGX traded down $0.33 on Friday, reaching $40.50. 162,914 shares of the company traded hands, compared to its average volume of 116,256. Descartes Systems Group Inc has a 52-week low of $25.19 and a 52-week high of $40.98. The company has a market capitalization of $3.13 billion, a PE ratio of 101.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Descartes Systems Group had a net margin of 11.37% and a return on equity of 6.01%. The company had revenue of $71.00 million for the quarter, compared to analysts’ expectations of $71.15 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Descartes Systems Group Inc will post 0.58 earnings per share for the current fiscal year.

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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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