2 weeks Ago By ABMN Staff
The Descartes Systems Group Inc. ( NASDAQ:DSGX – Get Free Report ) (TSE:DSG) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 511,600 shares, a decrease of 5.
7% from the August 31st total of 542,400 shares. Based on an average daily trading volume, of 132,200 shares, the short-interest ratio is presently 3.9 days.
Approximately 0.6% of the company’s stock are short sold. Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the business.
Brown Brothers Harriman & Co. acquired a new position in The Descartes Systems Group in the 4th quarter valued at approximately $27,000. Central Pacific Bank Trust Division bought a new position in shares of The Descartes Systems Group during the 1st quarter worth about $28,000.
Accent Capital Management LLC bought a new position in The Descartes Systems Group during the 4th quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc.
raised its position in shares of The Descartes Systems Group by 703.3% during the 1st quarter. Whittier Trust Co.
of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after acquiring an additional 429 shares during the last quarter. Finally, Park Place Capital Corp increased its position in shares of The Descartes Systems Group by 48.
5% in the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after buying an additional 219 shares in the last quarter. 77.
73% of the stock is owned by institutional investors. The Descartes Systems Group Trading Down 0.3 % DSGX stock traded down $0.
27 during trading on Monday, hitting $101.91. The company had a trading volume of 73,663 shares, compared to its average volume of 154,619.
The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 72.99 and a beta of 0.
98. The business has a 50 day moving average of $99.17 and a 200 day moving average of $96.
38. The Descartes Systems Group has a fifty-two week low of $69.59 and a fifty-two week high of $105.
12. Analysts Set New Price Targets Several research analysts have commented on the company. Canaccord Genuity Group set a $108.
00 price target on The Descartes Systems Group and gave the stock a “buy” rating in a research report on Thursday, September 5th. BMO Capital Markets raised their price objective on shares of The Descartes Systems Group from $100.00 to $104.
00 and gave the stock a “market perform” rating in a research report on Thursday, September 5th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.
00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Finally, Barclays lifted their price target on The Descartes Systems Group from $87.00 to $88.
00 and gave the company an “underweight” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.83. View Our Latest Stock Report on The Descartes Systems Group The Descartes Systems Group Company Profile ( Get 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. Further Reading 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 ..
