First Hawaiian Bank Purchases 302 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

First Hawaiian Bank raised its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,954 shares of the technology company’s stock after purchasing an additional 302 shares during the quarter. First Hawaiian Bank’s holdings in The Descartes Systems Group were worth $1,926,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new stake in The Descartes Systems Group during the 2nd quarter worth approximately $329,000. Andra AP fonden acquired a new position in shares of The Descartes Systems Group during the second quarter worth $77,000. AGF Management Ltd. grew its stake in shares of The Descartes Systems Group by 1.4% in the second quarter. AGF Management Ltd. now owns 74,077 shares of the technology company’s stock worth $7,177,000 after purchasing an additional 1,012 shares during the last quarter. American Century Companies Inc. increased its holdings in The Descartes Systems Group by 65.4% in the second quarter. American Century Companies Inc. now owns 243,985 shares of the technology company’s stock valued at $23,640,000 after purchasing an additional 96,431 shares during the period. Finally, Nicholas Investment Partners LP raised its position in The Descartes Systems Group by 0.8% during the 2nd quarter. Nicholas Investment Partners LP now owns 92,282 shares of the technology company’s stock worth $8,937,000 after purchasing an additional 766 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Up 1.4 %

NASDAQ DSGX opened at $113.15 on Thursday. The Descartes Systems Group Inc. has a 52 week low of $80.39 and a 52 week high of $122.88. The business has a 50 day moving average price of $114.84 and a 200-day moving average price of $105.46. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 71.16 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of research firms have commented on DSGX. TD Securities upped their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. BMO Capital Markets increased their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Scotiabank increased their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average 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.