BNP Paribas Financial Markets Grows Holdings in The Descartes Systems Group Inc. $DSGX

BNP Paribas Financial Markets increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 809.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,003 shares of the technology company’s stock after buying an additional 210,041 shares during the period. BNP Paribas Financial Markets’ holdings in The Descartes Systems Group were worth $20,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of The Descartes Systems Group in the 3rd quarter worth about $27,000. Danske Bank A S bought a new stake in shares of The Descartes Systems Group in the 3rd quarter worth about $34,000. Measured Wealth Private Client Group LLC bought a new stake in shares of The Descartes Systems Group in the 3rd quarter worth about $40,000. Caitong International Asset Management Co. Ltd increased its position in shares of The Descartes Systems Group by 267.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock worth $52,000 after purchasing an additional 401 shares during the last quarter. Finally, Clearstead Advisors LLC increased its position in shares of The Descartes Systems Group by 369.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,047 shares of the technology company’s stock worth $92,000 after purchasing an additional 824 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 3.1%

Shares of NASDAQ:DSGX opened at $75.46 on Friday. The Descartes Systems Group Inc. has a fifty-two week low of $62.56 and a fifty-two week high of $109.00. The firm has a 50-day simple moving average of $71.53 and a 200 day simple moving average of $76.23. The company has a market cap of $6.48 billion, a PE ratio of 37.73 and a beta of 0.64.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.31%. The business had revenue of $166.96 million during the quarter, compared to the consensus estimate of $173.94 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that The Descartes Systems Group Inc. will post 2.66 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DSGX. Barclays dropped their target price on shares of 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. Raymond James Financial dropped their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday. Loop Capital reissued a “buy” rating and issued a $96.00 target price on shares of The Descartes Systems Group in a research report on Thursday. BMO Capital Markets dropped their target price 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 report on Thursday, March 12th. Finally, Weiss Ratings downgraded shares of The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average price target of $103.17.

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.