Ellsworth Advisors LLC Increases Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Ellsworth Advisors LLC raised its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,167 shares of the technology company’s stock after acquiring an additional 419 shares during the quarter. Ellsworth Advisors LLC’s holdings in The Descartes Systems Group were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Avior Wealth Management LLC grew its holdings in shares of The Descartes Systems Group by 2.8% in the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after purchasing an additional 117 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in The Descartes Systems Group by 3.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock valued at $388,000 after buying an additional 137 shares during the period. Assetmark Inc. grew its stake in shares of The Descartes Systems Group by 3.5% in the third quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after acquiring an additional 197 shares in the last quarter. Stephens Inc. AR increased its position in shares of The Descartes Systems Group by 2.4% during the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock worth $1,038,000 after acquiring an additional 238 shares during the period. Finally, Signaturefd LLC raised its stake in shares of The Descartes Systems Group by 12.1% in the third quarter. Signaturefd LLC now owns 2,425 shares of the technology company’s stock valued at $250,000 after acquiring an additional 261 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. TD Securities raised their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Finally, Loop Capital initiated coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $115.85 on Monday. The company has a fifty day moving average of $115.53 and a two-hundred day moving average of $106.40. The Descartes Systems Group Inc. has a 1 year low of $84.11 and a 1 year high of $122.88. The company has a market capitalization of $9.90 billion, a PE ratio of 72.86 and a beta of 0.99.

About The Descartes Systems Group

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.