Vontobel Holding Ltd. boosted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 104.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 430,016 shares of the technology company's stock after buying an additional 219,736 shares during the quarter. Vontobel Holding Ltd. owned 0.50% of The Descartes Systems Group worth $48,819,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of DSGX. Creative Planning boosted its stake in The Descartes Systems Group by 33.5% during the third quarter. Creative Planning now owns 17,036 shares of the technology company's stock valued at $1,754,000 after buying an additional 4,274 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of The Descartes Systems Group by 5.7% during the third quarter. Ellsworth Advisors LLC now owns 5,748 shares of the technology company's stock valued at $592,000 after purchasing an additional 308 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock valued at $63,000 after purchasing an additional 587 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of The Descartes Systems Group by 8.2% during the third quarter. Whittier Trust Co. now owns 9,216 shares of the technology company's stock valued at $949,000 after purchasing an additional 701 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings 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 valued at $156,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Price Performance
DSGX stock traded down $1.67 during trading on Tuesday, reaching $114.87. The company had a trading volume of 259,667 shares, compared to its average volume of 229,722. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $124.31. The company has a market cap of $9.83 billion, a P/E ratio of 72.25 and a beta of 0.99. The business has a 50 day moving average of $116.19 and a 200 day moving average of $108.96.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the prior year, the company posted $0.31 EPS. Research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. TD Securities raised their price objective on 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. Loop Capital assumed coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price objective on the stock. Scotiabank boosted their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.92.
Check Out Our Latest Stock Report on The Descartes Systems Group
About The Descartes Systems Group
(
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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