Mount Yale Investment Advisors LLC bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,233 shares of the technology company’s stock, valued at approximately $797,000.
Several other institutional investors and hedge funds have also bought and sold shares of DSGX. Assetmark Inc. raised its stake in The Descartes Systems Group by 640.9% in the fourth quarter. Assetmark Inc. now owns 4,816 shares of the technology company’s stock worth $405,000 after buying an additional 4,166 shares in the last quarter. Hsbc Holdings PLC grew its stake in The Descartes Systems Group by 447.2% in the fourth quarter. Hsbc Holdings PLC now owns 71,915 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 58,773 shares during the period. TD Asset Management Inc raised its holdings in The Descartes Systems Group by 10.5% in the fourth quarter. TD Asset Management Inc now owns 772,483 shares of the technology company’s stock worth $65,201,000 after purchasing an additional 73,410 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in shares of The Descartes Systems Group by 0.3% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 51,532 shares of the technology company’s stock valued at $4,332,000 after buying an additional 173 shares in the last quarter. Finally, Scotia Capital Inc. grew its position in shares of The Descartes Systems Group by 6.8% in the 4th quarter. Scotia Capital Inc. now owns 34,715 shares of the technology company’s stock worth $2,901,000 after buying an additional 2,222 shares during the period. 77.73% of the stock is currently owned by institutional investors.
The Descartes Systems Group Price Performance
Shares of NASDAQ DSGX opened at $103.55 on Tuesday. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $104.71. The business’s 50 day moving average is $98.98 and its two-hundred day moving average is $96.10. The stock has a market capitalization of $8.84 billion, a P/E ratio of 73.96 and a beta of 0.98.
Analysts Set New Price Targets
Several equities analysts recently issued reports on DSGX shares. Barclays upped their price objective on The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a research report on Thursday, September 5th. TD Securities boosted their price objective on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. CIBC lifted their target price on shares of The Descartes Systems Group from $101.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Stephens increased their price target on The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.
View Our Latest Analysis on The Descartes Systems Group
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.
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