Dixon Mitchell Investment Counsel Inc. Has $29.16 Million Holdings in The Descartes Systems Group Inc. $DSGX

Posted by on Jun 14th, 2026

Dixon Mitchell Investment Counsel Inc. cut its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 331,971 shares of the technology company’s stock after selling 7,399 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in The Descartes Systems Group were worth $29,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC increased its holdings in The Descartes Systems Group by 25.2% during the fourth quarter. Clearbridge Investments LLC now owns 403,854 shares of the technology company’s stock worth $35,402,000 after buying an additional 81,354 shares during the last quarter. Aviso Financial Inc. increased its holdings in The Descartes Systems Group by 247.6% during the third quarter. Aviso Financial Inc. now owns 27,141 shares of the technology company’s stock worth $2,556,000 after buying an additional 19,333 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in The Descartes Systems Group during the third quarter worth $1,954,000. Temasek Holdings Private Ltd increased its holdings in 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 during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in The Descartes Systems Group during the third quarter worth $15,602,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Down 0.8%

The Descartes Systems Group stock opened at $72.97 on Friday. The company’s 50-day moving average price is $71.85 and its two-hundred day moving average price is $76.02. The stock has a market cap of $6.27 billion, a P/E ratio of 36.49 and a beta of 0.64. The Descartes Systems Group Inc. has a twelve month low of $62.56 and a twelve month high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last issued its quarterly earnings data 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 company had revenue of $166.96 million during the quarter, compared to analysts’ expectations of $193.57 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Equities analysts anticipate that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DSGX. Barclays lowered their target price on shares of The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Weiss Ratings downgraded shares of The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Zacks Research downgraded shares of The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Canaccord Genuity Group lowered their target price on shares of The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Morgan Stanley lowered their target price on shares of The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. One investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Get Our Latest Analysis on The Descartes Systems Group

The Descartes Systems Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

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