11,812 Shares in The Descartes Systems Group Inc. $DSGX Purchased by Maven Securities LTD

Maven Securities LTD purchased a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 11,812 shares of the technology company’s stock, valued at approximately $818,000.

Several other large investors have also recently added to or reduced their stakes in DSGX. Waverly Advisors LLC grew its holdings in shares of The Descartes Systems Group by 46.6% during the 2nd quarter. Waverly Advisors LLC now owns 80,543 shares of the technology company’s stock worth $5,577,000 after purchasing an additional 25,595 shares in the last quarter. Nykredit A S bought a new stake in shares of The Descartes Systems Group during the second quarter valued at approximately $1,869,000. Corient Private Wealth LP acquired a new position in shares of The Descartes Systems Group in the second quarter valued at $377,000. Amundi acquired a new position in shares of The Descartes Systems Group in the second quarter valued at $9,609,000. Finally, Wellington Grp LLC bought a new position in The Descartes Systems Group in the second quarter worth $142,000. 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 $75.56 on Wednesday. The business has a 50 day simple moving average of $75.54 and a 200 day simple moving average of $72.44. The company has a market capitalization of $6.46 billion, a PE ratio of 37.78 and a beta of 0.62. The Descartes Systems Group Inc. has a one year low of $62.56 and a one year high of $108.09.

Analyst Ratings Changes

DSGX has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 21st. Raymond James Financial dropped their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Loop Capital reaffirmed a “buy” rating and set a $96.00 price objective on shares of The Descartes Systems Group in a 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 report on Friday, September 4th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $102.46.

The Descartes Systems Group Company Profile

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.