Deutsche Bank AG Acquires 105,238 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Deutsche Bank AG lifted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 80.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 236,029 shares of the technology company's stock after buying an additional 105,238 shares during the quarter. Deutsche Bank AG owned about 0.28% of The Descartes Systems Group worth $23,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in The Descartes Systems Group in the first quarter valued at approximately $25,000. GeoWealth Management LLC raised its position in The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after buying an additional 132 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in The Descartes Systems Group during the 1st quarter valued at $49,000. Optiver Holding B.V. bought a new position in The Descartes Systems Group during the 4th quarter valued at $66,000. Finally, Johnson Financial Group Inc. increased its position in shares of The Descartes Systems Group by 830.9% during the 4th quarter. Johnson Financial Group Inc. now owns 875 shares of the technology company's stock valued at $101,000 after purchasing an additional 781 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 0.4%

Shares of NASDAQ DSGX traded up $0.38 during midday trading on Friday, hitting $98.22. 305,861 shares of the company's stock were exchanged, compared to its average volume of 464,594. The business's fifty day moving average price is $102.39 and its two-hundred day moving average price is $105.86. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 59.17 and a beta of 0.81. The Descartes Systems Group Inc. has a 12-month low of $92.00 and a 12-month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The company had revenue of $168.74 million during the quarter, compared to the consensus estimate of $169.60 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DSGX. Morgan Stanley initiated coverage on The Descartes Systems Group in a research report on Monday, July 14th. They set an "equal weight" rating and a $110.00 target price for the company. Wall Street Zen lowered The Descartes Systems Group from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Barclays reduced their target price on The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. Finally, Royal Bank Of Canada reduced their target price on The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $122.18.

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.