The Descartes Systems Group (NASDAQ:DSGX) Upgraded at StockNews.com

StockNews.com upgraded shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) from a hold rating to a buy rating in a research report report published on Tuesday.

Several other brokerages also recently weighed in on DSGX. TD Securities upped their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada lifted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, Scotiabank lifted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.15.

The Descartes Systems Group Stock Performance

NASDAQ DSGX opened at $113.15 on Tuesday. The business’s fifty day moving average is $114.97 and its 200 day moving average is $105.52. The Descartes Systems Group has a fifty-two week low of $80.39 and a fifty-two week high of $122.88. The company has a market capitalization of $9.67 billion, a PE ratio of 71.16 and a beta of 0.99.

Institutional Investors Weigh In On The Descartes Systems Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its stake in shares of The Descartes Systems Group by 20.4% during the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock worth $1,368,000 after purchasing an additional 2,250 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in The Descartes Systems Group during the 3rd quarter valued at $2,308,000. Massachusetts Financial Services Co. MA increased its position in The Descartes Systems Group by 2.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock worth $48,456,000 after buying an additional 9,768 shares in the last quarter. Barclays PLC raised its holdings in shares of The Descartes Systems Group by 2.8% in the third quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock worth $1,031,000 after acquiring an additional 270 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of The Descartes Systems Group by 10.7% in the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock worth $50,277,000 after acquiring an additional 46,523 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

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.