TD Asset Management Inc Decreases Stake in The Descartes Systems Group Inc. $DSGX

TD Asset Management Inc lowered its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 27.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 684,766 shares of the technology company’s stock after selling 261,830 shares during the quarter. TD Asset Management Inc’s holdings in The Descartes Systems Group were worth $60,152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. AXA S.A. grew its holdings in shares of The Descartes Systems Group by 2.0% during the 2nd quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock worth $681,000 after purchasing an additional 130 shares during the period. Reynders McVeigh Capital Management LLC grew its holdings in shares of The Descartes Systems Group by 0.3% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company’s stock worth $5,207,000 after purchasing an additional 140 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of The Descartes Systems Group by 4.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company’s stock worth $368,000 after purchasing an additional 143 shares during the period. PCJ Investment Counsel Ltd. grew its holdings in shares of The Descartes Systems Group by 0.3% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 48,080 shares of the technology company’s stock worth $4,529,000 after purchasing an additional 150 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of The Descartes Systems Group by 18.7% during the 4th quarter. GAMMA Investing LLC now owns 1,049 shares of the technology company’s stock worth $92,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Canaccord Genuity Group decreased their price target on The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Loop Capital restated a “buy” rating and issued a $96.00 price target on shares of The Descartes Systems Group in a report on Thursday. Morgan Stanley decreased their price target on The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. BMO Capital Markets decreased their price target on The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating for the company in a report on Thursday, March 12th. Finally, Weiss Ratings cut The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

The Descartes Systems Group Trading Down 3.1%

The Descartes Systems Group stock opened at $75.46 on Friday. The stock has a market cap of $6.48 billion, a P/E ratio of 37.73 and a beta of 0.64. The stock has a 50 day moving average of $71.53 and a 200-day moving average of $76.23. The Descartes Systems Group Inc. has a 52 week low of $62.56 and a 52 week high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, June 3rd. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $166.96 million during the quarter, compared to analysts’ expectations of $173.94 million. The Descartes Systems Group had a return on equity of 11.31% and a net margin of 23.35%.The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. As a group, equities analysts predict that The Descartes Systems Group Inc. will post 2.66 earnings per share for the current fiscal year.

Key Stories Impacting The Descartes Systems Group

Here are the key news stories impacting The Descartes Systems Group this week:

• Positive Sentiment: Descartes reported fiscal Q1 2027 earnings of $0.55 per share, beating estimates of $0.53 and improving from $0.41 a year ago, which supports the stock after the earnings release. Article Title
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its price target on Descartes to $118 from $116 and kept an outperformer rating, signaling continued optimism from analysts. Article Title
• Positive Sentiment: Loop Capital reaffirmed its buy rating on Descartes and maintained a $96 price target, reinforcing the view that the shares still have upside from current levels. Article Title
• Neutral Sentiment: Analyst coverage remains broadly constructive, with one report citing an average recommendation of “Moderate Buy,” indicating sentiment is generally favorable but not a major new catalyst. Article Title
• Negative Sentiment: Raymond James lowered its price target to $108 from $118, which may temper enthusiasm even though it still rates the stock outperform. Article Title

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.