The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,008 shares of the technology company’s stock after purchasing an additional 270 shares during the period. Barclays PLC’s holdings in The Descartes Systems Group were worth $1,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after buying an additional 587 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 worth $122,000 after acquiring an additional 279 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 acquiring an additional 320 shares during the period. Park Place Capital Corp lifted its position in The Descartes Systems Group by 76.6% in the 3rd quarter. Park Place Capital Corp now owns 1,559 shares of the technology company’s stock valued at $161,000 after purchasing an additional 676 shares during the last quarter. Finally, Next Level Private LLC acquired a new position in The Descartes Systems Group during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DSGX shares. TD Securities raised their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Loop Capital assumed coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on 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, Scotiabank upped their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Trading Up 1.4 %

NASDAQ:DSGX opened at $112.54 on Wednesday. The company has a 50-day moving average of $115.43 and a 200-day moving average of $106.04. The Descartes Systems Group Inc. has a twelve month low of $82.88 and a twelve month high of $122.88. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 70.78 and a beta of 0.99.

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.