The Descartes Systems Group (NASDAQ:DSGX) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) from a hold rating to a buy rating in a report released on Tuesday morning.

Other equities analysts also recently issued research reports about the stock. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Scotiabank upped their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and an average price target of $116.15.

The Descartes Systems Group Trading Down 2.5 %

NASDAQ:DSGX opened at $111.58 on Tuesday. The Descartes Systems Group has a 12-month low of $79.70 and a 12-month high of $122.88. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 70.18 and a beta of 0.99. The company’s 50-day moving average is $114.84 and its two-hundred day moving average is $105.46.

Institutional Trading of The Descartes Systems Group

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. lifted its position in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after purchasing an additional 587 shares in the last quarter. Andra AP fonden purchased a new position in shares of The Descartes Systems Group in the second quarter valued at $77,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of The Descartes Systems Group by 28.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after purchasing an additional 279 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in The Descartes Systems Group by 26.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,514 shares of the technology company’s stock valued at $156,000 after purchasing an additional 320 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

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.