Trust Co. of Vermont Invests $54,000 in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Trust Co. of Vermont acquired a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the fourth quarter, Holdings Channel reports. The firm acquired 475 shares of the technology company’s stock, valued at approximately $54,000.

Several other large investors have also bought and sold shares of the stock. Conestoga Capital Advisors LLC increased its position in The Descartes Systems Group by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock valued at $326,238,000 after purchasing an additional 52,485 shares during the period. Fiera Capital Corp increased its position in shares of The Descartes Systems Group by 0.8% during the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock worth $265,692,000 after buying an additional 19,817 shares during the period. Mackenzie Financial Corp raised its stake in The Descartes Systems Group by 4.5% during the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock worth $206,807,000 after buying an additional 91,301 shares during the last quarter. Bank of Montreal Can raised its stake in The Descartes Systems Group by 1.4% during the second quarter. Bank of Montreal Can now owns 1,545,027 shares of the technology company’s stock worth $147,434,000 after buying an additional 21,105 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in The Descartes Systems Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock valued at $152,037,000 after buying an additional 19,002 shares during the period. 77.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

DSGX has been the subject of several recent analyst reports. Scotiabank raised their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. TD Securities upped their price target on 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. Finally, 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. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Trading Up 0.7 %

NASDAQ:DSGX opened at $115.85 on Tuesday. The firm’s 50 day moving average is $115.53 and its 200 day moving average is $106.52. The Descartes Systems Group Inc. has a 12 month low of $84.11 and a 12 month high of $122.88. The stock has a market capitalization of $9.91 billion, a PE ratio of 72.86 and a beta of 0.99.

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.