Brokerages Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Price Target at $116.15

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $116.15.

DSGX has been the topic of several research reports. TD Securities lifted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. Scotiabank increased their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th.

Institutional Trading of The Descartes Systems Group

A number of hedge funds and other institutional investors have recently bought and sold shares of DSGX. Plato Investment Management Ltd bought a new position in The Descartes Systems Group in the 3rd quarter worth about $2,308,000. Massachusetts Financial Services Co. MA increased its position in shares of The Descartes Systems Group by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock worth $48,456,000 after purchasing an additional 9,768 shares during the last quarter. Fiera Capital Corp increased its position in shares of The Descartes Systems Group by 3.3% in the second quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock worth $248,024,000 after purchasing an additional 81,263 shares during the last quarter. Jane Street Group LLC raised its stake in The Descartes Systems Group by 20.4% in the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock valued at $1,368,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in The Descartes Systems Group by 10.7% during the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock valued at $50,277,000 after purchasing an additional 46,523 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $114.04 on Thursday. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 71.72 and a beta of 0.98. The business’s fifty day moving average is $113.75 and its 200-day moving average is $104.37. The Descartes Systems Group has a one year low of $79.21 and a one year high of $122.88.

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.