Vontobel Holding Ltd. Buys 8,378 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Vontobel Holding Ltd. increased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,088 shares of the technology company's stock after acquiring an additional 8,378 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.16% of The Descartes Systems Group worth $11,182,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fiera Capital Corp increased its holdings in shares of The Descartes Systems Group by 5.6% in the 3rd quarter. Fiera Capital Corp now owns 2,215,851 shares of the technology company's stock valued at $163,085,000 after acquiring an additional 117,611 shares during the period. Toronto Dominion Bank increased its stake in The Descartes Systems Group by 37.7% in the 3rd quarter. Toronto Dominion Bank now owns 109,676 shares of the technology company's stock valued at $8,048,000 after buying an additional 30,010 shares during the period. Legal & General Group Plc increased its stake in The Descartes Systems Group by 3.1% in the 3rd quarter. Legal & General Group Plc now owns 413,741 shares of the technology company's stock valued at $30,506,000 after buying an additional 12,312 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. acquired a new position in The Descartes Systems Group in the 3rd quarter valued at $2,693,000. Finally, Vanguard Group Inc. increased its stake in The Descartes Systems Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,662 shares of the technology company's stock valued at $224,958,000 after buying an additional 49,402 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock traded down $0.36 on Wednesday, reaching $90.54. The company's stock had a trading volume of 263,924 shares, compared to its average volume of 147,776. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 67.57 and a beta of 0.94. The business's fifty day moving average price is $89.67 and its 200 day moving average price is $83.61. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $94.54.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The company had revenue of $148.20 million during the quarter, compared to the consensus estimate of $146.62 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The firm's quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DSGX. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $88.00 to $94.00 and gave the company a "market perform" rating in a research note on Thursday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $110.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, April 11th. Stephens increased their target price on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Thursday, March 7th. Barclays increased their price objective on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the company an "underweight" rating in a research report on Tuesday, February 20th. Finally, Raymond James increased their price objective on shares of The Descartes Systems Group from $84.00 to $94.00 and gave the company a "market perform" rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, The Descartes Systems Group presently has an average rating of "Moderate Buy" and an average target price of $98.44.

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.