Barclays PLC Grows Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

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

A number of other large investors have also modified their holdings of DSGX. Jane Street Group LLC boosted its holdings in The Descartes Systems Group by 20.4% in the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock worth $1,368,000 after acquiring an additional 2,250 shares during the period. Plato Investment Management Ltd acquired a new position in shares of The Descartes Systems Group during the third quarter worth $2,308,000. Massachusetts Financial Services Co. MA boosted its stake in shares of The Descartes Systems Group by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock valued at $48,456,000 after purchasing an additional 9,768 shares during the period. Geode Capital Management LLC boosted its stake in shares of The Descartes Systems Group by 10.7% in the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock valued at $50,277,000 after purchasing an additional 46,523 shares during the period. Finally, Royal London Asset Management Ltd. acquired a new stake in The Descartes Systems Group during the 3rd quarter valued at $5,017,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $112.54 on Wednesday. The company has a market cap of $9.62 billion, a PE ratio of 70.78 and a beta of 0.99. The Descartes Systems Group Inc. has a 12 month low of $82.88 and a 12 month high of $122.88. The company has a fifty day moving average price of $115.43 and a two-hundred day moving average price of $106.04.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Loop Capital began coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target on the stock. BMO Capital Markets raised their price objective on 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. Royal Bank of Canada lifted their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Finally, Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

Check Out Our Latest Stock Analysis on The Descartes Systems Group

About The Descartes Systems Group

(Free Report)

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.

Read More

Want to see what other hedge funds are holding DSGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Descartes Systems Group Inc. (NASDAQ:DSGXFree Report) (TSE:DSG).

Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

Receive News & Ratings for The Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.