Vista Finance LLC lifted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,245 shares of the technology company’s stock after purchasing an additional 126 shares during the quarter. Vista Finance LLC’s holdings in The Descartes Systems Group were worth $330,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new position in The Descartes Systems Group in the 1st quarter valued at about $49,000. Parallel Advisors LLC lifted its position in The Descartes Systems Group by 35.1% in the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock valued at $59,000 after acquiring an additional 152 shares in the last quarter. GAMMA Investing LLC lifted its position in The Descartes Systems Group by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after acquiring an additional 117 shares in the last quarter. Intact Investment Management Inc. bought a new position in The Descartes Systems Group in the 1st quarter valued at about $141,000. Finally, Hilltop National Bank bought a new position in The Descartes Systems Group in the 2nd quarter valued at about $215,000. Institutional investors own 77.73% of the company’s stock.
The Descartes Systems Group Stock Up 1.2%
Shares of DSGX stock opened at $96.28 on Friday. The company has a 50 day moving average of $99.25 and a 200-day moving average of $103.00. The Descartes Systems Group Inc. has a 12-month low of $91.00 and a 12-month high of $124.31. The firm has a market cap of $8.27 billion, a P/E ratio of 56.97 and a beta of 0.77.
Analysts Set New Price Targets
Several equities analysts recently weighed in on DSGX shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Descartes Systems Group in a research report on Wednesday, October 8th. TD Cowen reissued a “buy” rating and set a $121.00 target price on shares of The Descartes Systems Group in a research report on Friday, October 3rd. Morgan Stanley began coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They set an “equal weight” rating and a $110.00 target price on the stock. Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average price target of $121.80.
View Our Latest Analysis on DSGX
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.
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