Canandaigua National Bank & Trust Co. Has $266,000 Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Canandaigua National Bank & Trust Co. trimmed its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,340 shares of the technology company’s stock after selling 189 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in The Descartes Systems Group were worth $266,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Avior Wealth Management LLC increased its stake in shares of The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after acquiring an additional 117 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in The Descartes Systems Group by 3.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock worth $388,000 after purchasing an additional 137 shares during the period. Assetmark Inc. increased its stake in The Descartes Systems Group by 3.5% in the third quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock valued at $601,000 after purchasing an additional 197 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of The Descartes Systems Group by 2.4% during the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 238 shares during the period. Finally, Signaturefd LLC boosted its position in shares of The Descartes Systems Group by 12.1% during the 3rd quarter. Signaturefd LLC now owns 2,425 shares of the technology company’s stock worth $250,000 after purchasing an additional 261 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada boosted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 29th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. 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 report on Wednesday, December 4th. Scotiabank lifted their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.15.

The Descartes Systems Group Stock Up 0.5 %

DSGX stock opened at $114.49 on Tuesday. The firm has a market cap of $9.78 billion, a PE ratio of 72.01 and a beta of 0.99. The business has a 50 day moving average of $114.75 and a 200-day moving average of $105.34. The Descartes Systems Group Inc. has a 12-month low of $79.70 and a 12-month 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.