Wealth Alliance acquired a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,203 shares of the technology company’s stock, valued at approximately $213,000.
A number of other institutional investors have also modified their holdings of DSGX. Price T Rowe Associates Inc. MD grew its stake in The Descartes Systems Group by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock worth $695,864,000 after buying an additional 278,796 shares during the period. Vanguard Group Inc. lifted its holdings in shares of The Descartes Systems Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock valued at $287,188,000 after acquiring an additional 40,897 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in The Descartes Systems Group by 2.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,116,109 shares of the technology company’s stock worth $301,764,000 after purchasing an additional 66,645 shares during the period. Fiera Capital Corp increased its holdings in The Descartes Systems Group by 3.3% in the 2nd quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock valued at $248,024,000 after purchasing an additional 81,263 shares in the last quarter. Finally, Norges Bank purchased a new position in The Descartes Systems Group in the fourth quarter valued at about $92,571,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.
The Descartes Systems Group Price Performance
Shares of NASDAQ DSGX opened at $102.54 on Friday. The firm has a market capitalization of $8.75 billion, a PE ratio of 73.24 and a beta of 0.98. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $104.71. The business’s fifty day moving average price is $98.96 and its two-hundred day moving average price is $95.87.
Analyst Ratings Changes
Several brokerages have recently weighed in on DSGX. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a research report on Thursday, September 5th. Raymond James increased their price objective on shares of The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. BMO Capital Markets boosted their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research report on Thursday, September 5th. Barclays upped their target price on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.
View Our Latest Analysis on The Descartes Systems Group
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.
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