Argent Capital Management LLC boosted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,410 shares of the technology company's stock after buying an additional 7,729 shares during the quarter. Argent Capital Management LLC owned 0.07% of The Descartes Systems Group worth $6,635,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in DSGX. American Century Companies Inc. increased its stake in The Descartes Systems Group by 65.4% in the 2nd 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 in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in The Descartes Systems Group by 6.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 6,777 shares of the technology company's stock valued at $655,000 after purchasing an additional 398 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of The Descartes Systems Group by 53.2% in the second quarter. Envestnet Asset Management Inc. now owns 250,665 shares of the technology company's stock valued at $24,274,000 after buying an additional 86,998 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of The Descartes Systems Group by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 111,351 shares of the technology company's stock worth $10,784,000 after buying an additional 9,698 shares during the last quarter. Finally, Wealth Alliance purchased a new stake in shares of The Descartes Systems Group in the 2nd quarter worth about $213,000. 77.73% of the stock is owned by hedge funds and other institutional investors.
The Descartes Systems Group Stock Performance
The Descartes Systems Group stock traded up $0.07 during trading on Thursday, reaching $115.04. The company had a trading volume of 116,601 shares, compared to its average volume of 184,132. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 72.35 and a beta of 0.99. The Descartes Systems Group Inc. has a 12-month low of $82.88 and a 12-month high of $122.88. The stock's 50 day moving average price is $115.47 and its two-hundred day moving average price is $106.11.
Analysts Set New Price Targets
DSGX has been the subject of several recent research reports. Royal Bank of Canada raised their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, November 29th. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Wednesday. Barclays upgraded The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. Loop Capital started coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price target for the company. Finally, 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 research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.92.
View Our Latest Stock Report on The Descartes Systems Group
The Descartes Systems Group Company Profile
(
Free Report)
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.
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