Vontobel Holding Ltd. Decreases Position in The Descartes Systems Group Inc. $DSGX

Key Points

• Vontobel Holding Ltd. has reduced its stake in The Descartes Systems Group by 63.4%, now holding approximately 46,013 shares after selling 79,799 shares in the second quarter.
• Several institutional investors, including Shell Asset Management Co. and Capital CS Group LLC, have increased their positions in The Descartes Systems Group during the same period, indicating a mixed investor sentiment.
• The company reported an EPS of $0.43 for the last quarter, missing analyst expectations of $0.49, while revenue increased 10% year-over-year to $178.98 million.

Vontobel Holding Ltd. trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 63.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,013 shares of the technology company's stock after selling 79,799 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.05% of The Descartes Systems Group worth $4,677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Shell Asset Management Co. boosted its position in The Descartes Systems Group by 85.2% during the second quarter. Shell Asset Management Co. now owns 17,994 shares of the technology company's stock worth $1,824,000 after purchasing an additional 8,280 shares in the last quarter. Hilltop National Bank acquired a new position in shares of The Descartes Systems Group in the second quarter worth $215,000. Crown Oak Advisors LLC acquired a new position in shares of The Descartes Systems Group in the second quarter worth $4,356,000. Argent Capital Management LLC raised its holdings in shares of The Descartes Systems Group by 1.3% in the second quarter. Argent Capital Management LLC now owns 58,936 shares of the technology company's stock worth $5,991,000 after acquiring an additional 781 shares during the last quarter. Finally, Capital CS Group LLC raised its holdings in shares of The Descartes Systems Group by 34.9% in the second quarter. Capital CS Group LLC now owns 3,293 shares of the technology company's stock worth $335,000 after acquiring an additional 852 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DSGX. Zacks Research raised The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Wall Street Zen raised The Descartes Systems Group from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of The Descartes Systems Group in a report on Wednesday. TD Securities began coverage on The Descartes Systems Group in a report on Friday, October 3rd. They issued a "buy" rating and a $121.00 price target for the company. Finally, Morgan Stanley began coverage on The Descartes Systems Group in a report on Monday, July 14th. They issued an "equal weight" rating and a $110.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.80.

The Descartes Systems Group Trading Down 1.7%

The Descartes Systems Group stock opened at $95.48 on Friday. The firm has a market capitalization of $8.21 billion, a P/E ratio of 56.50 and a beta of 0.77. The stock has a fifty day moving average price of $100.01 and a 200 day moving average price of $103.17. The Descartes Systems Group Inc. has a 52 week low of $91.00 and a 52 week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $178.98 million during the quarter, compared to analyst estimates of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.

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