Canandaigua National Bank & Trust Co. Has $260,000 Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Canandaigua National Bank & Trust Co. lessened its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,529 shares of the technology company’s stock after selling 518 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in The Descartes Systems Group were worth $260,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of The Descartes Systems Group during the 3rd quarter worth about $921,000. Truist Financial Corp boosted its position in The Descartes Systems Group by 13.0% in the second quarter. Truist Financial Corp now owns 8,458 shares of the technology company’s stock valued at $819,000 after buying an additional 975 shares in the last quarter. Fiera Capital Corp boosted its position in The Descartes Systems Group by 3.3% in the second quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock valued at $248,024,000 after buying an additional 81,263 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in The Descartes Systems Group by 28.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after buying an additional 279 shares in the last quarter. Finally, Creative Planning lifted its position in shares of The Descartes Systems Group by 70.5% during the second quarter. Creative Planning now owns 12,762 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 5,275 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DSGX shares. Barclays upped their target price on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, September 5th. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the company a “buy” rating in a research note on Thursday, September 5th. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets increased their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.83.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $101.87 on Friday. The Descartes Systems Group Inc. has a 52 week low of $69.59 and a 52 week high of $105.12. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 72.76 and a beta of 0.97. The firm’s 50-day simple moving average is $99.35 and its 200 day simple moving average is $96.68.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. During the same period in the prior year, the business earned $0.32 earnings per share. The Descartes Systems Group’s quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.67 EPS 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.