The Descartes Systems Group (NASDAQ:DSGX) Now Covered by Analysts at Loop Capital

Loop Capital started coverage on shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $140.00 target price on the technology company’s stock.

Several other research analysts have also recently issued reports on the company. TD Securities lifted their target price 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. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Thursday, September 26th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Finally, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Five equities research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.15.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $119.25 on Tuesday. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 75.14 and a beta of 0.98. The Descartes Systems Group has a fifty-two week low of $79.21 and a fifty-two week high of $122.88. The firm’s 50-day simple moving average is $111.94 and its 200 day simple moving average is $103.05.

Institutional Investors Weigh In On The Descartes Systems Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI grew its position in shares of The Descartes Systems Group by 389.8% in the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock valued at $71,911,000 after purchasing an additional 556,408 shares in the last quarter. William Blair Investment Management LLC purchased a new position in The Descartes Systems Group during the 2nd quarter valued at about $20,608,000. Triasima Portfolio Management inc. grew its holdings in The Descartes Systems Group by 90.1% during the 2nd quarter. Triasima Portfolio Management inc. now owns 253,849 shares of the technology company’s stock valued at $24,584,000 after buying an additional 120,325 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of The Descartes Systems Group during the second quarter valued at about $10,503,000. Finally, American Century Companies Inc. lifted its holdings in shares of The Descartes Systems Group by 65.4% in the second quarter. American Century Companies Inc. now owns 243,985 shares of the technology company’s stock worth $23,640,000 after buying an additional 96,431 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

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.