XTX Topco Ltd Makes New Investment in The Descartes Systems Group Inc. (NASDAQ:DSGX)

XTX Topco Ltd acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,427 shares of the technology company’s stock, valued at approximately $456,000.

Several other institutional investors have also recently bought and sold shares of DSGX. Intact Investment Management Inc. acquired a new position in The Descartes Systems Group during the second quarter worth $61,000. Blue Trust Inc. raised its holdings in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after buying an additional 587 shares during the last quarter. Andra AP fonden acquired a new position in The Descartes Systems Group during the second quarter worth $77,000. Whittier Trust Co. of Nevada Inc. raised its holdings in The Descartes Systems Group by 143.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock worth $116,000 after buying an additional 704 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of The Descartes Systems Group by 28.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on DSGX shares. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $88.00 to $125.00 in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.17.

The Descartes Systems Group Stock Down 1.2 %

DSGX opened at $119.73 on Friday. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 75.30 and a beta of 0.98. The firm has a 50-day moving average price of $111.56 and a 200-day moving average price of $102.82. The Descartes Systems Group Inc. has a twelve month low of $79.21 and a twelve month high of $122.88.

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.