The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,842 shares of the technology company’s stock after selling 1,342 shares during the quarter. Stifel Financial Corp’s holdings in The Descartes Systems Group were worth $1,631,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DSGX. Intact Investment Management Inc. bought a new stake in The Descartes Systems Group during the second quarter valued at $61,000. Blue Trust Inc. raised its stake in 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 during the period. Andra AP fonden bought a new position in The Descartes Systems Group in the second quarter worth about $77,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 worth $116,000 after acquiring an additional 704 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 279 shares during the period. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.4 %

NASDAQ DSGX opened at $114.52 on Friday. The Descartes Systems Group Inc. has a 12 month low of $79.21 and a 12 month high of $122.88. The stock has a 50-day simple moving average of $112.87 and a 200 day simple moving average of $103.56. The company has a market capitalization of $9.79 billion, a PE ratio of 72.03 and a beta of 0.98.

Wall Street Analysts Forecast Growth

DSGX has been the subject of several recent research reports. TD Securities upped their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada boosted their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.15.

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.