George Kaiser Family Foundation Acquires New Position in The Descartes Systems Group Inc. $DSGX

Posted by Geri Gentry on Aug 23rd, 2026

George Kaiser Family Foundation acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,131 shares of the technology company’s stock, valued at approximately $1,671,000. The Descartes Systems Group makes up about 0.2% of George Kaiser Family Foundation’s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its stake in The Descartes Systems Group by 25.2% in the 4th quarter. Clearbridge Investments LLC now owns 403,854 shares of the technology company’s stock valued at $35,402,000 after purchasing an additional 81,354 shares in the last quarter. Norges Bank acquired a new stake in The Descartes Systems Group in the fourth quarter valued at $100,405,000. Bank of America Corp DE increased its position in shares of The Descartes Systems Group by 62.0% in the first quarter. Bank of America Corp DE now owns 733,483 shares of the technology company’s stock valued at $52,488,000 after buying an additional 280,713 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in shares of The Descartes Systems Group in the first quarter valued at $8,671,000. Finally, Vanguard Group Inc. raised its stake in shares of The Descartes Systems Group by 2.0% during the 4th 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 during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

DSGX stock opened at $78.21 on Friday. The company has a 50 day moving average price of $73.07 and a two-hundred day moving average price of $71.38. The stock has a market capitalization of $6.70 billion, a P/E ratio of 39.10 and a beta of 0.62. The Descartes Systems Group Inc. has a one year low of $62.56 and a one year high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last issued its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share 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 for the quarter, compared to analyst estimates of $193.57 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts forecast that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DSGX shares. Loop Capital reissued a “buy” rating and issued a $96.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, June 4th. National Bank Financial set a $95.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Monday, July 20th. Canadian Imperial Bank of Commerce increased their price target on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Raymond James Financial cut their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Finally, Weiss Ratings upgraded The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.54.

Read Our Latest Research Report on The Descartes Systems Group

The Descartes Systems Group Company 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.