DGS Capital Management LLC Takes Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

DGS Capital Management LLC bought a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the third quarter, Holdings Channel reports. The institutional investor bought 1,973 shares of the technology company’s stock, valued at approximately $203,000.

Other large investors have also recently added to or reduced their stakes in the company. Intact Investment Management Inc. acquired a new stake in shares of The Descartes Systems Group during the 2nd quarter valued at $61,000. Blue Trust Inc. raised its holdings in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after acquiring an additional 587 shares in the last quarter. Andra AP fonden acquired a new stake in The Descartes Systems Group during the second quarter valued at $77,000. Whittier Trust Co. of Nevada Inc. grew its stake in The Descartes Systems Group by 143.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock valued at $116,000 after purchasing an additional 704 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake 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 purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $119.73 on Friday. The Descartes Systems Group Inc. has a fifty-two week low of $79.21 and a fifty-two week high of $122.88. The firm has a fifty day moving average price of $111.56 and a two-hundred day moving average price of $102.82. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 75.30 and a beta of 0.98.

Analyst Ratings Changes

Several brokerages have recently issued reports on DSGX. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets lifted their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. TD Securities raised their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.17.

About The Descartes Systems Group

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.