Montrusco Bolton Investments INC Has Trimmed Its Descartes Sys Group INC (DSGX) Holding by $4.13 Million; Share Value Declined

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Montrusco Bolton Investments Inc decreased its stake in Descartes Sys Group Inc (DSGX) by 18.93% based on its latest 2019Q1 regulatory filing with the SEC. Montrusco Bolton Investments Inc sold 105,897 shares as the company’s stock declined 9.27% . The institutional investor held 453,402 shares of the prepackaged software company at the end of 2019Q1, valued at $18.03 million, down from 559,299 at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Descartes Sys Group Inc for a number of months, seems to be less bullish one the $2.85B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $33.68. About 98,060 shares traded. The Descartes Systems Group Inc (NASDAQ:DSGX) has risen 14.15% since August 15, 2018 and is uptrending. It has outperformed by 14.15% the S&P500.

Montrusco Bolton Investments Inc, which manages about $6.00B and $1.56 billion US Long portfolio, upped its stake in Brookfield Renewable Partner (BEP) by 113,625 shares to 1.58M shares, valued at $49.68 million in 2019Q1, according to the filing. It also increased its holding in Proofpoint Inc (NASDAQ:PFPT) by 41,490 shares in the quarter, for a total of 130,188 shares, and has risen its stake in Linde Plc.

Analysts await The Descartes Systems Group Inc (NASDAQ:DSGX) to report earnings on September, 4. They expect $0.10 EPS, down 9.09 % or $0.01 from last year’s $0.11 per share. DSGX’s profit will be $8.47M for 84.20 P/E if the $0.10 EPS becomes a reality. After $0.09 actual EPS reported by The Descartes Systems Group Inc for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

More notable recent The Descartes Systems Group Inc (NASDAQ:DSGX) news were published by: Globenewswire.com which released: “Descartes Acquires MacroPoint Nasdaq:DSGX – GlobeNewswire” on August 15, 2017, also Prnewswire.com with their article: “Kharon Partners with Descartes Systems Group to Further Enhance Denied Party Screening – PRNewswire” published on March 25, 2019, Globenewswire.com published: “Descartes Announces Fiscal 2019 Fourth Quarter and Annual Financial Results – GlobeNewswire” on March 06, 2019. More interesting news about The Descartes Systems Group Inc (NASDAQ:DSGX) were released by: Globenewswire.com and their article: “Tyres On The Drive Offers Customers Dynamic Appointment Self-Scheduling with Descartes – GlobeNewswire” published on October 10, 2018 as well as Globenewswire.com‘s news article titled: “Descartes Highlights Logistics Technology Platform Innovations at Global User and Partner Conference – GlobeNewswire” with publication date: March 28, 2019.

The Descartes Systems Group Inc (NASDAQ:DSGX) Ratings Coverage

Among 5 analysts covering Descartes (NASDAQ:DSGX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Descartes has $46 highest and $37 lowest target. $41.20’s average target is 22.33% above currents $33.68 stock price. Descartes had 6 analyst reports since March 7, 2019 according to SRatingsIntel. The stock of The Descartes Systems Group Inc (NASDAQ:DSGX) has “Buy” rating given on Tuesday, June 11 by TD Securities. RBC Capital Markets maintained it with “Buy” rating and $41 target in Thursday, March 7 report. The rating was maintained by BMO Capital Markets on Thursday, March 7 with “Hold”. The firm has “Buy” rating given on Thursday, March 7 by Barclays Capital. The rating was maintained by IBC on Thursday, March 7 with “Buy”.

The Descartes Systems Group Inc (NASDAQ:DSGX) Ratings Chart

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