Jane Street Group LLC Boosts Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Jane Street Group LLC raised its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 20.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,290 shares of the technology company’s stock after buying an additional 2,250 shares during the period. Jane Street Group LLC’s holdings in The Descartes Systems Group were worth $1,368,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Conestoga Capital Advisors LLC increased its stake in shares of The Descartes Systems Group by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock worth $326,238,000 after purchasing an additional 52,485 shares in the last quarter. Fiera Capital Corp grew its holdings in The Descartes Systems Group by 0.8% during the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after purchasing an additional 19,817 shares during the period. Mackenzie Financial Corp increased its position in The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock worth $206,807,000 after buying an additional 91,301 shares in the last quarter. Bank of Montreal Can raised its stake in shares of The Descartes Systems Group by 1.4% in the second quarter. Bank of Montreal Can now owns 1,545,027 shares of the technology company’s stock worth $147,434,000 after buying an additional 21,105 shares during the period. Finally, Geneva Capital Management LLC lifted its position in shares of The Descartes Systems Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock valued at $152,037,000 after buying an additional 19,002 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Royal Bank of Canada increased their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 29th. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Scotiabank increased their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.15.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $114.04 on Friday. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 71.72 and a beta of 0.98. The Descartes Systems Group Inc. has a 1 year low of $79.21 and a 1 year high of $122.88. The stock’s 50 day simple moving average is $113.60 and its two-hundred day simple moving average is $104.21.

The Descartes Systems Group Company Profile

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.