Lord Abbett & CO. LLC Raises Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Lord Abbett & CO. LLC raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 12.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 672,897 shares of the technology company’s stock after purchasing an additional 72,501 shares during the quarter. Lord Abbett & CO. LLC owned 0.79% of The Descartes Systems Group worth $69,282,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. National Bank of Canada FI lifted its position in The Descartes Systems Group by 389.8% in the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock valued at $71,911,000 after buying an additional 556,408 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of The Descartes Systems Group in the 2nd quarter worth approximately $20,608,000. Triasima Portfolio Management inc. boosted its position in shares of The Descartes Systems Group by 90.1% during the 2nd quarter. Triasima Portfolio Management inc. now owns 253,849 shares of the technology company’s stock worth $24,584,000 after purchasing an additional 120,325 shares during the period. Hantz Financial Services Inc. acquired a new stake in The Descartes Systems Group in the 2nd quarter valued at approximately $10,503,000. Finally, American Century Companies Inc. raised its position in The Descartes Systems Group by 65.4% in the second quarter. American Century Companies Inc. now owns 243,985 shares of the technology company’s stock valued at $23,640,000 after purchasing an additional 96,431 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analyst Upgrades and Downgrades

DSGX has been the subject of several research analyst reports. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. TD Securities boosted their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.17.

The Descartes Systems Group Trading Down 1.2 %

Shares of DSGX stock opened at $119.73 on Friday. The company has a market cap of $10.23 billion, a P/E ratio of 75.30 and a beta of 0.98. The firm has a fifty day moving average price of $111.56 and a 200 day moving average price of $102.82. The Descartes Systems Group Inc. has a 12 month low of $79.21 and a 12 month high of $122.88.

The Descartes Systems Group 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.