Pembroke Management Ltd Lowers stake in Descartes Systems Group Inc (USA) (DSGX)

Descartes Systems Group Inc (USA) (DSGX) : Pembroke Management Ltd reduced its stake in Descartes Systems Group Inc (USA) by 14.49% during the most recent quarter end. The investment management company now holds a total of 2,106,800 shares of Descartes Systems Group Inc (USA) which is valued at $38,912,596 after selling 357,000 shares in Descartes Systems Group Inc (USA) , the firm said in a disclosure report filed with the SEC on May 3, 2016.Descartes Systems Group Inc (USA) makes up approximately 3.68% of Pembroke Management Ltd’s portfolio.

Other Hedge Funds, Including , Scout Investments reduced its stake in DSGX by selling 15,336 shares or 12.02% in the most recent quarter. The Hedge Fund company now holds 112,200 shares of DSGX which is valued at $2,072,334. Descartes Systems Group Inc (USA) makes up approx 0.06% of Scout Investments’s portfolio.Thompson Davis reduced its stake in DSGX by selling 500 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 250 shares of DSGX which is valued at $4,618. Descartes Systems Group Inc (USA) makes up approx 0.01% of Thompson Davis’s portfolio.American Century Companies Inc reduced its stake in DSGX by selling 19,116 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 509,899 shares of DSGX which is valued at $9,417,835. Descartes Systems Group Inc (USA) makes up approx 0.01% of American Century Companies Inc’s portfolio.Granite Investment Partners reduced its stake in DSGX by selling 1,920 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 469,626 shares of DSGX which is valued at $8,655,207. Descartes Systems Group Inc (USA) makes up approx 0.77% of Granite Investment Partners’s portfolio.Mawer Investment Management Ltd. reduced its stake in DSGX by selling 190,900 shares or 5.85% in the most recent quarter. The Hedge Fund company now holds 3,070,450 shares of DSGX which is valued at $56,588,394. Descartes Systems Group Inc (USA) makes up approx 0.65% of Mawer Investment Management Ltd.’s portfolio.

Descartes Systems Group Inc (USA) opened for trading at $18.55 and hit $19.2175 on the upside on Tuesday, eventually ending the session at $19.15, with a gain of 3.18% or 0.59 points. The heightened volatility saw the trading volume jump to 21,886 shares. Company has a market cap of $1,451 M.

Many Wall Street Analysts have commented on Descartes Systems Group Inc (USA). Shares were Reiterated by RBC Capital Mkts on Mar 1, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $22 .

The Descartes Systems Group Inc. (Descartes) is a global provider of on-demand cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular SaaS solutions to route schedule track and measure delivery resources; plan allocate and execute shipments; rate audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes. The Company’s primary focus is on serving transportation providers including air ocean and truck modes; logistics service providers including third-party logistics providers freight forwarders and customs brokers and distribution-intensive companies. Its applications are categorized as Routing Mobile & Telematics; Transportation Management; Customs & Regulatory Compliance; GLN Services and Broker & Forwarder Enterprise Systems.

Leave a Reply

Descartes Systems Group Inc (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Descartes Systems Group Inc (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.