Bank of Nova Scotia Sells 52,422 Shares of The Descartes Systems Group Inc. $DSGX

Bank of Nova Scotia lowered its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,143 shares of the technology company’s stock after selling 52,422 shares during the period. Bank of Nova Scotia owned about 0.44% of The Descartes Systems Group worth $35,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management grew its holdings in The Descartes Systems Group by 1.7% during the 3rd quarter. Ritholtz Wealth Management now owns 6,654 shares of the technology company’s stock worth $627,000 after acquiring an additional 114 shares in the last quarter. AXA S.A. increased its position in 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 valued at $681,000 after purchasing an additional 130 shares during the period. Versant Capital Management Inc raised its holdings in shares of The Descartes Systems Group by 24.8% in the 3rd quarter. Versant Capital Management Inc now owns 660 shares of the technology company’s stock valued at $62,000 after purchasing an additional 131 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of The Descartes Systems Group by 4.1% in 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. Finally, PCJ Investment Counsel Ltd. lifted its position in shares of The Descartes Systems Group by 0.3% in 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. 77.73% of the stock is currently owned by institutional investors.

Trending Headlines about The Descartes Systems Group

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

The Descartes Systems Group Stock Up 0.7%

NASDAQ DSGX opened at $72.46 on Monday. The Descartes Systems Group Inc. has a 52 week low of $62.56 and a 52 week high of $117.35. The company has a 50 day moving average price of $74.27 and a 200 day moving average price of $86.00. The firm has a market cap of $6.23 billion, a PE ratio of 38.96 and a beta of 0.77.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 11th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.70%. The company had revenue of $192.37 million during the quarter, compared to the consensus estimate of $188.09 million. During the same period last year, the firm earned $0.43 earnings per share. The Descartes Systems Group’s revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DSGX. Weiss Ratings reissued a “hold (c)” rating on shares of The Descartes Systems Group in a report on Monday, December 29th. BMO Capital Markets lowered their target price 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. Scotiabank dropped their target price on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $126.00 price target on The Descartes Systems Group and gave the company an “outperform” rating in a report on Monday, December 1st. Finally, Raymond James Financial raised The Descartes Systems Group from a “market perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research report on Thursday, December 4th. Two 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, the company currently has an average rating of “Buy” and an average 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.