Jane Street Group LLC Acquires 2,250 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Jane Street Group LLC lifted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 20.4% in the third quarter, Holdings Channel reports. The fund owned 13,290 shares of the technology company’s stock after purchasing an additional 2,250 shares during the quarter. 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 and hedge funds also recently added to or reduced their stakes in DSGX. Intact Investment Management Inc. purchased a new stake in The Descartes Systems Group during the second quarter valued at approximately $61,000. Blue Trust Inc. raised its holdings in The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after buying an additional 587 shares during the period. Andra AP fonden bought a new stake in The Descartes Systems Group in the second quarter worth $77,000. Northwestern Mutual Wealth Management Co. boosted its stake in The Descartes Systems Group by 28.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock worth $122,000 after buying an additional 279 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in The Descartes Systems Group by 18.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company’s stock valued at $137,000 after acquiring an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Down 0.8 %

Shares of The Descartes Systems Group stock opened at $114.04 on Friday. The Descartes Systems Group Inc. has a 12 month low of $79.21 and a 12 month high of $122.88. The stock’s fifty day moving average price is $113.60 and its 200-day moving average price is $104.21. The firm has a market cap of $9.75 billion, a P/E ratio of 71.72 and a beta of 0.98.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DSGX shares. Scotiabank raised their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Loop Capital started coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price objective for the company. Finally, TD Securities increased their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.15.

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.