Hilltop National Bank Sells 126 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Hilltop National Bank lowered its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,604 shares of the technology company’s stock after selling 126 shares during the quarter. Hilltop National Bank’s holdings in The Descartes Systems Group were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. First Hawaiian Bank boosted its holdings in The Descartes Systems Group by 1.8% in the fourth quarter. First Hawaiian Bank now owns 16,954 shares of the technology company’s stock worth $1,926,000 after acquiring an additional 302 shares in the last quarter. GAMMA Investing LLC raised its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after acquiring an additional 495 shares in the last quarter. Lord Abbett & CO. LLC raised its position in The Descartes Systems Group by 12.1% during the third quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company’s stock valued at $69,282,000 after acquiring an additional 72,501 shares in the last quarter. DGS Capital Management LLC purchased a new position in The Descartes Systems Group during the third quarter valued at approximately $203,000. Finally, Franklin Resources Inc. raised its position in The Descartes Systems Group by 3.1% during the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock valued at $142,693,000 after acquiring an additional 40,807 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

NASDAQ DSGX opened at $111.37 on Friday. The business has a fifty day moving average price of $115.15 and a 200 day moving average price of $105.57. The Descartes Systems Group Inc. has a one year low of $81.97 and a one year high of $122.88. The company has a market cap of $9.52 billion, a P/E ratio of 70.04 and a beta of 0.99.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $88.00 to $125.00 in a research report on Friday, November 15th. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Tuesday. TD Securities boosted their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Scotiabank boosted their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.92.

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.