Public Employees Retirement System of Ohio Makes New $1.56 Million Investment in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Public Employees Retirement System of Ohio acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,123 shares of the technology company's stock, valued at approximately $1,558,000.

Several other institutional investors also recently bought and sold shares of DSGX. Avior Wealth Management LLC raised its holdings in shares of The Descartes Systems Group by 2.8% during the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company's stock valued at $440,000 after buying an additional 117 shares during the period. Legacy Wealth Asset Management LLC lifted its position in shares of The Descartes Systems Group by 3.8% during 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 in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of The Descartes Systems Group by 4.3% during the second quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company's stock worth $371,000 after purchasing an additional 158 shares in the last quarter. Assetmark Inc. boosted its stake in shares of 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 during the period. Finally, Parkside Financial Bank & Trust grew its holdings in The Descartes Systems Group by 18.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company's stock valued at $137,000 after purchasing an additional 219 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DSGX has been the subject of a number of analyst reports. Barclays raised shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $88.00 to $125.00 in a research report on Friday, November 15th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the company a "buy" rating in a report on Thursday, September 5th. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, December 12th. Royal Bank of Canada increased their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, November 29th. Finally, 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 note on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, The Descartes Systems Group has an average rating of "Moderate Buy" and an average price target of $116.15.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX traded down $0.84 during midday trading on Thursday, hitting $114.01. The company's stock had a trading volume of 284,579 shares, compared to its average volume of 161,184. The Descartes Systems Group Inc. has a 1-year low of $79.21 and a 1-year high of $122.88. The firm's fifty day moving average price is $112.49 and its 200-day moving average price is $103.32. The firm has a market cap of $9.74 billion, a P/E ratio of 71.70 and a beta of 0.98.

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.