Maven Securities LTD Makes New Investment in The Descartes Systems Group Inc. $DSGX

Maven Securities LTD bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,812 shares of the technology company’s stock, valued at approximately $818,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DSGX. Jupiter Topco LLC acquired a new position in shares of The Descartes Systems Group during the 2nd quarter valued at about $181,742,000. The Manufacturers Life Insurance Company acquired a new stake in The Descartes Systems Group in the 2nd quarter worth approximately $141,403,000. Wellington Management Group LLP boosted its position in The Descartes Systems Group by 640.7% during the second quarter. Wellington Management Group LLP now owns 1,363,426 shares of the technology company’s stock worth $94,402,000 after purchasing an additional 1,179,345 shares during the period. Norges Bank bought a new stake in The Descartes Systems Group during the fourth quarter worth approximately $100,405,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in The Descartes Systems Group during the second quarter valued at approximately $58,755,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

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The Descartes Systems Group Trading Down 4.3%

DSGX opened at $75.56 on Wednesday. The business has a 50 day moving average of $75.54 and a 200-day moving average of $72.44. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 37.78 and a beta of 0.62. The Descartes Systems Group Inc. has a 1-year low of $62.56 and a 1-year high of $108.09.

Analysts Set New Price Targets

A number of research firms have recently commented on DSGX. Raymond James Financial dropped their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Royal Bank Of Canada set a $125.00 target price on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Friday, September 4th. National Bank Financial set a $95.00 target price on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Monday, July 20th. Canadian Imperial Bank of Commerce upped their price target on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a report on Thursday, June 4th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $96.00 price target on shares of The Descartes Systems Group in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus price target of $102.46.

View Our Latest Stock Analysis on DSGX

The Descartes Systems Group Company Profile

(Free Report)

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.

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