Andra AP fonden acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 800 shares of the technology company’s stock, valued at approximately $77,000.
A number of other large investors have also made changes to their positions in DSGX. Brown Brothers Harriman & Co. bought a new position in The Descartes Systems Group during the fourth quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new position in shares of The Descartes Systems Group in the first quarter valued at $28,000. Accent Capital Management LLC bought a new position in The Descartes Systems Group in the fourth quarter worth $32,000. Whittier Trust Co. of Nevada Inc. lifted its position in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after purchasing an additional 429 shares during the period. Finally, Park Place Capital Corp boosted its stake in The Descartes Systems Group by 48.5% during the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after buying an additional 219 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.
The Descartes Systems Group Trading Up 0.9 %
Shares of NASDAQ DSGX opened at $97.94 on Friday. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $104.71. The company has a 50-day moving average of $98.93 and a two-hundred day moving average of $95.31. The company has a market cap of $8.36 billion, a PE ratio of 69.96 and a beta of 0.98.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on DSGX shares. Stephens lifted their target price on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Raymond James upped their price objective on The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, May 31st. Barclays raised their target price on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. Finally, TD Securities lifted their price objective on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.
Check Out Our Latest Stock Report on DSGX
The Descartes Systems Group 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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