Sanctuary Advisors LLC Invests $465,000 in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Sanctuary Advisors LLC bought a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,519 shares of the technology company's stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DSGX. Avior Wealth Management LLC lifted its stake in 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 acquiring an additional 117 shares during the period. Legacy Wealth Asset Management LLC lifted its position in 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 valued at $388,000 after purchasing an additional 137 shares during the period. Assetmark Inc. lifted its position in The Descartes Systems Group by 3.5% during 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. Parkside Financial Bank & Trust boosted its holdings in The Descartes Systems Group by 18.3% in the second 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 during the last quarter. Finally, Stephens Inc. AR grew its position in The Descartes Systems Group by 2.4% during the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company's stock worth $1,038,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Price Performance

DSGX stock traded down $0.96 during trading on Friday, hitting $114.04. The stock had a trading volume of 239,510 shares, compared to its average volume of 162,791. The Descartes Systems Group Inc. has a twelve month low of $79.21 and a twelve month high of $122.88. The company's 50-day moving average price is $113.60 and its two-hundred day moving average price is $104.21. The stock has a market capitalization of $9.75 billion, a P/E ratio of 71.72 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Scotiabank boosted their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a report on Wednesday, December 4th. 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. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an "outperform" rating in a research note on Thursday, September 26th. National Bank Financial upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets increased their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.15.

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.