Temasek Holdings Private Ltd Purchases 567,386 Shares of The Descartes Systems Group Inc. $DSGX

Temasek Holdings Private Ltd lifted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 63.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,464,165 shares of the technology company’s stock after purchasing an additional 567,386 shares during the quarter. Temasek Holdings Private Ltd’s holdings in The Descartes Systems Group were worth $137,968,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp boosted its position in The Descartes Systems Group by 2.1% during the second quarter. Mackenzie Financial Corp now owns 3,944,757 shares of the technology company’s stock valued at $400,969,000 after acquiring an additional 80,309 shares during the last quarter. Vanguard Group Inc. grew its holdings in The Descartes Systems Group by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,533,392 shares of the technology company’s stock worth $332,697,000 after acquiring an additional 111,492 shares during the period. Fiera Capital Corp raised its position in shares of The Descartes Systems Group by 10.2% in the 3rd quarter. Fiera Capital Corp now owns 2,976,093 shares of the technology company’s stock worth $280,123,000 after acquiring an additional 276,329 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of The Descartes Systems Group by 7.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,837,266 shares of the technology company’s stock valued at $186,749,000 after purchasing an additional 120,137 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of The Descartes Systems Group by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 1,683,790 shares of the technology company’s stock valued at $158,507,000 after purchasing an additional 5,317 shares during the period. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $72.46 on Friday. The company has a 50-day moving average price of $74.27 and a 200-day moving average price of $86.18. The stock has a market capitalization of $6.23 billion, a P/E ratio of 38.96 and a beta of 0.77. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $117.35.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, March 11th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.91%. The company had revenue of $192.37 million for the quarter, compared to analyst estimates of $188.09 million. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

More The Descartes Systems Group News

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

• Positive Sentiment: Q4 results beat estimates — Descartes reported record revenues, beat both revenue and EPS expectations, and showed margin improvement, supporting near-term earnings momentum and subscription growth prospects. Q4 Results
• Positive Sentiment: Zacks upgraded DSGX to a Rank #1 (Strong Buy), signaling growing optimism around the company’s earnings trajectory and potentially attracting momentum buyers. Zacks Upgrade
• Positive Sentiment: Analyst consensus implies meaningful upside — Zacks highlights a mean price-target-led implied upside of ~52%, reflecting analyst confidence in multi-quarter earnings upgrades that can support a re-rating. Analyst Consensus
• Positive Sentiment: Barclays reiterated a Buy/Overweight stance on Descartes (despite trimming its target), keeping institutional support intact. Barclays Note
• Neutral Sentiment: Coverage roundup/industry context pieces mention Descartes alongside other SaaS/logistics names; useful for sentiment but not a direct catalyst. Analyst Insights
• Negative Sentiment: Several brokerages trimmed price targets this week — Morgan Stanley cut its PT to $100 (still Overweight), Canaccord lowered to $92 (Buy), BMO to $82 (Market Perform), and Barclays trimmed slightly to $89 — these cuts temper upside expectations even though ratings remain constructive. Morgan Stanley PT Cut Canaccord PT BMO/Barclays Notes

Wall Street Analysts Forecast Growth

Several research firms recently commented on DSGX. Morgan Stanley decreased their target price on The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of The Descartes Systems Group in a research note on Monday, December 29th. Scotiabank cut their price target on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. BMO Capital Markets lowered their price objective on shares of The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada set a $126.00 target price on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $108.64.

About The Descartes Systems Group

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.