<div id="readability-page-1"><p><span>The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) <span>TSE: DSG<span></span></span></span> had its price objective boosted by research analysts at Morgan Stanley  from $100.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an &#34;equal weight&#34; rating on the technology company's stock. Morgan Stanley's target price indicates a potential upside of 19.08% from the stock's previous close.</p><ul><li>Descartes Systems Group Approaches Buy Point Of Flat Base</li></ul><p>A number of other research analysts have also recently weighed in on the company. Royal Bank Of Canada  set a $126.00 target price on The Descartes Systems Group and gave the company an &#34;outperform&#34; rating in a report on Monday, December 1st. Barclays cut their price objective on The Descartes Systems Group from $108.00 to $106.00 and set an &#34;equal weight&#34; rating on the stock in a report on Thursday, December 4th. Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of The Descartes Systems Group in a report on Monday, December 1st. TD Securities upgraded shares of The Descartes Systems Group to a &#34;strong-buy&#34; rating in a report on Friday. Finally, Zacks Research raised shares of The Descartes Systems Group from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, September 2nd. One investment analyst  has rated the stock with a Strong Buy rating, seven have issued  a Buy rating and five have assigned  a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $118.45.</p><p><b>Read Our Latest Research Report on DSGX</b></p><h2>The Descartes Systems Group Trading Down 0.0%</h2><p>Shares of The Descartes Systems Group stock traded down $0.01 during mid-day trading on Tuesday, hitting $92.38. 139,880 shares of the stock were exchanged, compared to its average volume of 419,129. The Descartes Systems Group has a twelve month low of $78.88 and a twelve month high of $124.31. The company has a 50-day simple moving average of $89.19 and a 200 day simple moving average of $98.24. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 52.18 and a beta of 0.74. </p><p>The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) <span>TSE: DSG<span></span></span> last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $186.78 million for the quarter, compared to analyst estimates of $184.24 million. The Descartes Systems Group had a return on equity of 10.57% and a net margin of 22.10%.The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS.  Equities research analysts forecast that  The Descartes Systems Group will post 1.64 earnings per share for the current fiscal year. </p><h2>Institutional Investors Weigh In On The Descartes Systems Group</h2><p>Several hedge funds and other institutional investors have recently bought and sold shares of DSGX. LPL Financial LLC raised its stake in shares of  The Descartes Systems Group by 7.7% in the 1st quarter. LPL Financial LLC now owns 23,021 shares of the technology company's stock valued at $2,321,000 after purchasing an additional 1,646 shares in the last quarter.  Vanguard Group Inc. increased its holdings in  The Descartes Systems Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,345,692 shares of the technology company's stock valued at $336,814,000 after buying an additional 46,369 shares during the last quarter.  Deutsche Bank AG raised its stake in  The Descartes Systems Group by 80.5% during the first quarter. Deutsche Bank AG now owns 236,029 shares of the technology company's stock valued at $23,799,000 after buying an additional 105,238 shares in the last quarter.  Nuveen LLC acquired a new stake in  The Descartes Systems Group during the first quarter valued at approximately $21,074,000.  Finally, AGF Management Ltd. lifted its holdings in  The Descartes Systems Group by 7.4% during the 1st quarter. AGF Management Ltd. now owns 110,517 shares of the technology company's stock worth $11,126,000 after buying an additional 7,570 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>The Descartes Systems Group Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than The Descartes Systems Group</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>UiPath Surges on Earnings: Should Investors Chase the Momentum?</li><li>Following Congress Stock Trades</li><li>Pure Storage's 27% Fall: Real Opportunity or Deserved Correction?</li><li>What is the S&amp;P 500 and How It is Distinct from Other Indexes</li><li>Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETF</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFNHWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFNHWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in The Descartes Systems Group Right Now?</h2><p>Before you consider The Descartes Systems Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Descartes Systems Group wasn't on the list.</p><p>While The Descartes Systems Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

DSGX

<p>Morgan Stanley raised its price target for The Descartes Systems Group from $100 to $110, maintaining an "equal weight" rating. This suggests a potential 19.08% upside from the previous close. Other analysts have varied ratings, with a consensus "Moderate Buy" and a price target of $118.45. The stock traded at $92.38, with a market cap of $7.94 billion. Institutional investors hold 77.73% of shares.</p>

Morgan Stanley Issues Positive Forecast for The Descartes Systems Group (NASDAQ:DSGX) Stock Price