Cibc World Market Inc. Grows Stake in The Descartes Systems Group Inc. $DSGX

Cibc World Market Inc. raised its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,424 shares of the technology company’s stock after buying an additional 11,636 shares during the quarter. Cibc World Market Inc.’s holdings in The Descartes Systems Group were worth $5,126,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in The Descartes Systems Group by 21.1% during the 4th quarter. CIBC Asset Management Inc now owns 1,166,883 shares of the technology company’s stock valued at $103,308,000 after buying an additional 203,522 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in The Descartes Systems Group by 15.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 575,036 shares of the technology company’s stock valued at $50,408,000 after buying an additional 75,980 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in The Descartes Systems Group by 809.0% during the 4th quarter. BNP Paribas Financial Markets now owns 236,003 shares of the technology company’s stock valued at $20,688,000 after buying an additional 210,041 shares in the last quarter. Norges Bank purchased a new position in The Descartes Systems Group during the 4th quarter valued at approximately $100,405,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in The Descartes Systems Group during the 4th quarter valued at approximately $170,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research cut The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Barclays cut their price target on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Morgan Stanley cut 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. Canadian Imperial Bank of Commerce raised their price target on The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a report on Thursday. Finally, BMO Capital Markets cut 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

More The Descartes Systems Group News

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 Stock Performance

Shares of DSGX stock opened at $75.46 on Monday. The Descartes Systems Group Inc. has a 52-week low of $62.56 and a 52-week high of $109.00. The firm has a market capitalization 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 price of $71.53 and a 200 day moving average price of $76.20.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The firm had revenue of $166.96 million during the quarter, compared to analyst estimates of $193.57 million. During the same period last year, the company earned $0.41 EPS. The Descartes Systems Group’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Descartes Systems Group Inc. will post 2.61 EPS for the current year.

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.