Greystone Managed Investments Lowers stake in Descartes Systems Group Inc (USA) (DSGX)

Descartes Systems Group Inc (USA) (DSGX) : Greystone Managed Investments reduced its stake in Descartes Systems Group Inc (USA) by 5.46% during the most recent quarter end. The investment management company now holds a total of 2,049,517 shares of Descartes Systems Group Inc (USA) which is valued at $41,338,758 after selling 118,299 shares in Descartes Systems Group Inc (USA) , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Descartes Systems Group Inc (USA) makes up approximately 1.62% of Greystone Managed Investments’s portfolio.

Other Hedge Funds, Including , Neuberger Berman Group reduced its stake in DSGX by selling 81,100 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 3,170,382 shares of DSGX which is valued at $64,707,497. Descartes Systems Group Inc (USA) makes up approx 0.09% of Neuberger Berman Group’s portfolio.Great West Life Assurance Co Can reduced its stake in DSGX by selling 45,746 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 2,127,032 shares of DSGX which is valued at $41,711,098. Descartes Systems Group Inc (USA) makes up approx 0.12% of Great West Life Assurance Co Can’s portfolio.

Descartes Systems Group Inc (USA) closed down -0.09 points or -0.44% at $20.42 with 25,309 shares getting traded on Wednesday. Post opening the session at $20.5, the shares hit an intraday low of $20.28 and an intraday high of $20.576 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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