The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.
Other equities research analysts also recently issued research reports about the company. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the company an "outperform" rating in a report on Thursday, September 26th. Barclays raised The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $88.00 to $125.00 in a research note on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada boosted their price objective 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. Finally, National Bank Financial upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.15.
Get Our Latest Stock Analysis on DSGX
The Descartes Systems Group Stock Down 2.5 %
DSGX stock traded down $2.91 during midday trading on Tuesday, reaching $111.58. The company's stock had a trading volume of 242,655 shares, compared to its average volume of 172,389. The business's 50-day simple moving average is $114.84 and its 200-day simple moving average is $105.46. The stock has a market cap of $9.54 billion, a PE ratio of 70.18 and a beta of 0.99. The Descartes Systems Group has a 52 week low of $79.70 and a 52 week high of $122.88.
Institutional Trading of The Descartes Systems Group
A number of hedge funds and other institutional investors have recently made changes to their positions in DSGX. GAMMA Investing LLC grew its position in The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after purchasing an additional 495 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of The Descartes Systems Group by 12.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company's stock worth $69,282,000 after buying an additional 72,501 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of The Descartes Systems Group in the 3rd quarter valued at about $203,000. Franklin Resources Inc. increased its position in shares of The Descartes Systems Group by 3.1% in the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company's stock valued at $142,693,000 after acquiring an additional 40,807 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in The Descartes Systems Group by 8.4% during the third quarter. Synovus Financial Corp now owns 15,354 shares of the technology company's stock worth $1,581,000 after acquiring an additional 1,190 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Company Profile
(
Get 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.
Further Reading
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