Vontobel Holding Ltd. boosted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 52.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,280 shares of the technology company's stock after buying an additional 72,435 shares during the period. Vontobel Holding Ltd. owned approximately 0.25% of The Descartes Systems Group worth $21,636,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DSGX. Westfield Capital Management Co. LP purchased a new position in The Descartes Systems Group in the 1st quarter valued at $47,481,000. Price T Rowe Associates Inc. MD boosted its position in shares of The Descartes Systems Group by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company's stock worth $695,864,000 after purchasing an additional 278,796 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of The Descartes Systems Group during the 2nd quarter worth $20,608,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of The Descartes Systems Group during the 1st quarter worth $19,264,000. Finally, Triasima Portfolio Management inc. boosted its position in shares of The Descartes Systems Group by 90.1% during the 2nd quarter. Triasima Portfolio Management inc. now owns 253,849 shares of the technology company's stock worth $24,584,000 after purchasing an additional 120,325 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
The Descartes Systems Group Stock Performance
DSGX stock traded up $0.96 during trading on Thursday, hitting $107.00. The stock had a trading volume of 103,722 shares, compared to its average volume of 153,209. The company's 50 day moving average price is $100.43 and its two-hundred day moving average price is $97.34. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $108.02. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 75.74 and a beta of 0.97.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same period in the previous year, the firm posted $0.32 EPS. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a research report on Thursday, September 5th. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the stock a "buy" rating in a research report on Thursday, September 5th. Barclays lifted their price target on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an "underweight" rating in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price target on shares of The Descartes Systems Group in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, The Descartes Systems Group currently has an average rating of "Moderate Buy" and an average price target of $104.83.
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The Descartes Systems Group Profile
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Free Report)
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.
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