Westfield Capital Management Co. LP Grows Position in The Descartes Systems Group Inc. $DSGX

Westfield Capital Management Co. LP raised its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 19.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,193,869 shares of the technology company’s stock after purchasing an additional 192,538 shares during the quarter. Westfield Capital Management Co. LP’s holdings in The Descartes Systems Group were worth $104,655,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of The Descartes Systems Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,602,652 shares of the technology company’s stock worth $316,050,000 after buying an additional 69,260 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of The Descartes Systems Group by 10.2% during the third quarter. Fiera Capital Corp now owns 2,976,093 shares of the technology company’s stock worth $280,123,000 after buying an additional 276,329 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of The Descartes Systems Group by 0.3% during the third quarter. Bank of Montreal Can now owns 1,683,790 shares of the technology company’s stock worth $158,507,000 after buying an additional 5,317 shares in the last quarter. Temasek Holdings Private Ltd grew its holdings in shares of The Descartes Systems Group by 63.3% during the third quarter. Temasek Holdings Private Ltd now owns 1,464,165 shares of the technology company’s stock worth $137,968,000 after buying an additional 567,386 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of The Descartes Systems Group by 21.1% during the fourth quarter. CIBC Asset Management Inc now owns 1,166,883 shares of the technology company’s stock worth $103,308,000 after buying an additional 203,522 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 5.1%

Shares of DSGX opened at $77.91 on Friday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 38.96 and a beta of 0.64. The firm has a 50-day moving average price of $71.42 and a 200 day moving average price of $76.24. The Descartes Systems Group Inc. has a 12-month low of $62.56 and a 12-month high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, topping 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 net margin of 23.35% and a return on equity of 11.31%. The Descartes Systems Group’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts predict that The Descartes Systems Group Inc. will post 2.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Morgan Stanley dropped their target price on shares of 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. Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $100.00 to $90.00 in a report on Thursday, April 16th. Loop Capital reaffirmed a “buy” rating and set a $96.00 target price on shares of The Descartes Systems Group in a report on Thursday. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the stock an “outperformer” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

The Descartes Systems Group News Roundup

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

• Positive Sentiment: The Descartes Systems Group reported fiscal Q1 2027 results above expectations, with diluted EPS of $0.55 topping the $0.53 consensus and revenue rising 15% year over year to $193.6 million, highlighting continued demand for its logistics software platform. Article Title
• Positive Sentiment: Profitability improved sharply, with net income up 34% to $48.5 million, operating income up 35% to $62.5 million, and cash from operations up 40% to $75.1 million, suggesting the company is scaling efficiently. Article Title
• Positive Sentiment: Analyst sentiment remains constructive overall, with multiple firms reiterating bullish ratings and price targets above the current share level, including Loop Capital, CIBC, and Raymond James, which may help reinforce investor confidence. Article Title
• Neutral Sentiment: Raymond James lowered its price target on Descartes from $118 to $108, but kept an “outperform” rating, so the change appears to be more of a valuation reset than a bearish call. Article Title
• Neutral Sentiment: The company also completed the acquisition of Idelic, expanding its AI-powered driver safety capabilities; this supports its growth strategy, though investors may watch integration risks and contingent consideration. Article Title

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.