Vontobel Holding Ltd. Acquires 219,736 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Vontobel Holding Ltd. boosted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 104.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 430,016 shares of the technology company’s stock after buying an additional 219,736 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.50% of The Descartes Systems Group worth $48,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its position in shares of The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Trust Co. of Vermont purchased a new position in The Descartes Systems Group during the fourth quarter valued at $54,000. GAMMA Investing LLC grew its holdings in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. increased its position in The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after buying an additional 587 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of The Descartes Systems Group in the fourth quarter worth about $90,000. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $116.78 on Friday. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 73.45 and a beta of 0.99. The Descartes Systems Group Inc. has a 1 year low of $84.12 and a 1 year high of $124.31. The stock’s 50 day simple moving average is $116.40 and its two-hundred day simple moving average is $108.57.

The Descartes Systems Group (NASDAQ:DSGX) (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 return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DSGX shares. TD Securities raised their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Scotiabank increased their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 29th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.92.

About The Descartes Systems Group

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.