Ellsworth Advisors LLC Boosts Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Ellsworth Advisors LLC boosted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,167 shares of the technology company’s stock after acquiring an additional 419 shares during the quarter. Ellsworth Advisors LLC’s holdings in The Descartes Systems Group were worth $701,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI lifted its stake 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 during the period. Mackenzie Financial Corp increased its holdings in The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock valued at $206,807,000 after buying an additional 91,301 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of The Descartes Systems Group by 53.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 250,665 shares of the technology company’s stock valued at $24,274,000 after acquiring an additional 86,998 shares during the period. Fiera Capital Corp boosted its stake in shares of The Descartes Systems Group by 3.3% during the 2nd quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock worth $248,024,000 after acquiring an additional 81,263 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of The Descartes Systems Group by 12.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company’s stock worth $69,282,000 after acquiring an additional 72,501 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analyst Ratings Changes

DSGX has been the subject of several research reports. BMO Capital Markets lifted their price objective on 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. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $88.00 to $125.00 in a research report on Friday, November 15th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. TD Securities raised their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, 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 report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Stock Performance

DSGX stock opened at $115.85 on Monday. The Descartes Systems Group Inc. has a one year low of $84.11 and a one year high of $122.88. The stock has a market capitalization of $9.90 billion, a P/E ratio of 72.86 and a beta of 0.99. The company has a 50 day moving average price of $115.53 and a two-hundred day moving average price of $106.40.

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.