First Hawaiian Bank Has $1.93 Million Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

First Hawaiian Bank raised its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,954 shares of the technology company’s stock after purchasing an additional 302 shares during the quarter. First Hawaiian Bank’s holdings in The Descartes Systems Group were worth $1,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. lifted its position 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 acquiring an additional 587 shares during the last quarter. Andra AP fonden bought a new stake in shares of The Descartes Systems Group during the second quarter worth approximately $77,000. Northwestern Mutual Wealth Management Co. grew its position 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. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of The Descartes Systems Group by 26.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,514 shares of the technology company’s stock worth $156,000 after purchasing an additional 320 shares during the period. 77.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DSGX shares. Scotiabank upped their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective for the company. TD Securities increased their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average target price of $116.15.

The Descartes Systems Group Trading Up 1.4 %

DSGX stock opened at $113.15 on Thursday. The firm has a 50-day moving average price of $114.84 and a 200-day moving average price of $105.46. The Descartes Systems Group Inc. has a 12 month low of $80.39 and a 12 month high of $122.88. The stock has a market capitalization of $9.67 billion, a P/E ratio of 71.16 and a beta of 0.99.

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.