Barclays PLC lifted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free 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.
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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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