The Descartes Systems Group (NASDAQ:DSGX) Coverage Initiated by Analysts at Loop Capital

Equities researchers at Loop Capital assumed coverage on shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $140.00 price target on the technology company’s stock. Loop Capital’s price objective suggests a potential upside of 17.38% from the stock’s current price.

A number of other equities research analysts have also issued reports on DSGX. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the company a “buy” rating in a research report on Thursday, September 5th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $88.00 to $125.00 in a report on Friday, November 15th. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, TD Securities upped their price target on 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. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus target price of $116.15.

The Descartes Systems Group Trading Down 0.4 %

DSGX opened at $119.27 on Tuesday. The Descartes Systems Group has a twelve month low of $79.21 and a twelve month high of $122.88. The firm has a market capitalization of $10.19 billion, a PE ratio of 75.01 and a beta of 0.98. The firm’s 50-day moving average price is $111.94 and its 200 day moving average price is $103.05.

Hedge Funds Weigh In On The Descartes Systems Group

A number of institutional investors and hedge funds have recently modified their holdings of DSGX. Assenagon Asset Management S.A. boosted its position in shares of The Descartes Systems Group by 4.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company’s stock worth $371,000 after acquiring an additional 158 shares in the last quarter. Fifth Third Bancorp increased its stake in The Descartes Systems Group by 101.5% in the second quarter. Fifth Third Bancorp now owns 4,789 shares of the technology company’s stock valued at $464,000 after purchasing an additional 2,412 shares during the last quarter. Argent Capital Management LLC raised its holdings in The Descartes Systems Group by 7.0% during the second quarter. Argent Capital Management LLC now owns 47,059 shares of the technology company’s stock worth $4,557,000 after purchasing an additional 3,081 shares in the last quarter. Calamos Advisors LLC acquired a new stake in The Descartes Systems Group during the second quarter worth approximately $3,264,000. Finally, MinichMacGregor Wealth Management LLC lifted its position in shares of The Descartes Systems Group by 11.0% during the 2nd quarter. MinichMacGregor Wealth Management LLC now owns 79,954 shares of the technology company’s stock worth $7,743,000 after buying an additional 7,897 shares during the last quarter. Institutional investors and hedge funds 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.