The Descartes Systems Group (NASDAQ:DSGX) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other research analysts also recently weighed in on DSGX. BMO Capital Markets upped their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Loop Capital assumed coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target for the company. Scotiabank lifted 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 research note on Wednesday, December 4th. 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 research report on Friday, November 15th. Finally, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.15.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $113.15 on Tuesday. The stock’s 50-day moving average is $114.97 and its 200-day moving average is $105.52. The Descartes Systems Group has a 12 month low of $80.39 and a 12 month high of $122.88. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 71.16 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of 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 acquired a new position in shares of The Descartes Systems Group during the 2nd quarter valued at about $77,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of The Descartes Systems Group by 28.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after acquiring an additional 279 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in The Descartes Systems Group by 26.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,514 shares of the technology company’s stock worth $156,000 after purchasing an additional 320 shares during 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.