Geode Capital Management LLC Has $100.31 Million Position in The Descartes Systems Group Inc. $DSGX

Geode Capital Management LLC increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,122,692 shares of the technology company’s stock after purchasing an additional 251,026 shares during the period. Geode Capital Management LLC’s holdings in The Descartes Systems Group were worth $100,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DSGX. Temasek Holdings Private Ltd increased its stake in The Descartes Systems Group by 63.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,464,165 shares of the technology company’s stock worth $137,968,000 after acquiring an additional 567,386 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of The Descartes Systems Group by 54.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,001,331 shares of the technology company’s stock valued at $94,355,000 after purchasing an additional 351,700 shares during the last quarter. Bank of America Corp DE grew its position in The Descartes Systems Group by 119.2% during the 3rd quarter. Bank of America Corp DE now owns 642,817 shares of the technology company’s stock worth $60,573,000 after acquiring an additional 349,517 shares during the last quarter. Fiera Capital Corp grew its position in The Descartes Systems Group by 10.2% during 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 during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. grew its position in The Descartes Systems Group by 303.0% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 339,370 shares of the technology company’s stock worth $31,961,000 after acquiring an additional 255,154 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

Key Headlines 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

Wall Street Analyst Weigh In

DSGX has been the topic of several recent research reports. BMO Capital Markets cut their target price on The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating on the stock in a report on Thursday, March 12th. Weiss Ratings downgraded The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Morgan Stanley dropped their price objective on The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Barclays decreased their target price on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Finally, Zacks Research lowered The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average target price of $103.17.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $75.46 on Friday. The stock has a 50 day moving average price of $71.53 and a two-hundred day moving average price of $76.23. The firm has a market capitalization of $6.48 billion, a P/E ratio of 37.73 and a beta of 0.64. 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 earnings per share (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 analyst estimates of $173.94 million. The Descartes Systems Group had a return on equity of 11.31% and a net margin of 23.35%.The Descartes Systems Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 2.61 earnings per share for the current year.

The Descartes Systems Group 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.