Swiss National Bank Boosts Stake in Descartes Systems Group to $20.7 Million

The Swiss National Bank has significantly increased its stake in The Descartes Systems Group Inc. (NASDAQ: DSGX), acquiring an additional 61,600 shares during the first quarter. This represents a 27% boost to its position, bringing its total holdings to 289,424 shares.

According to the latest disclosure with the Securities and Exchange Commission (SEC), Swiss National Bank now owns approximately 0.34% of The Descartes Systems Group's stock, valuing it at $20.7 million.

The company has a market capitalization of $5.84 billion and a price-to-earnings ratio of 34.09. In the first quarter, The Descartes Systems Group reported earnings per share (EPS) of $0.55, beating analyst estimates by $0.03. Its revenue was up 14.7% year-over-year.