Loop Capital Begins Coverage on The Descartes Systems Group (NASDAQ:DSGX)

Loop Capital assumed coverage on shares of The Descartes Systems Group (NASDAQ:DSGX - Free Report) TSE: DSG in a report published on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $140.00 price target on the technology company's stock.

A number of other equities analysts have also recently commented on DSGX. National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the company an "outperform" rating in a report on Thursday, September 26th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, December 12th. Scotiabank increased their price objective on shares of 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. National Bank Financial raised shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th. Finally, 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. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $116.15.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock traded down $0.02 during trading on Tuesday, reaching $119.25. The company had a trading volume of 155,655 shares, compared to its average volume of 160,450. The firm's 50-day simple moving average is $111.94 and its 200 day simple moving average is $103.05. The Descartes Systems Group has a 1-year low of $79.21 and a 1-year high of $122.88. The firm has a market capitalization of $10.19 billion, a PE ratio of 75.14 and a beta of 0.98.

Institutional Investors Weigh In On The Descartes Systems Group

Several large investors have recently added to or reduced their stakes in the business. Intact Investment Management Inc. acquired a new position in The Descartes Systems Group during the 2nd quarter worth $61,000. Blue Trust Inc. grew its holdings in The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after acquiring an additional 587 shares in the last quarter. Andra AP fonden purchased a new stake in shares of The Descartes Systems Group in the 2nd quarter valued at approximately $77,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of The Descartes Systems Group by 143.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company's stock valued at $116,000 after purchasing an additional 704 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of The Descartes Systems Group by 28.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company's stock worth $122,000 after purchasing an additional 279 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

About The Descartes Systems Group

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.