--- title: "US Bancorp DE Reduces Holdings in The Descartes Systems Group Inc. $DSGX" description: "US Bancorp DE reduced its holdings in The Descartes Systems Group Inc. by 32.3% in Q2, now owning 11,991 shares valued at $1.22 million. Other investors also adjusted their stakes, with GAMMA Investin" type: "news" locale: "en" url: "https://longbridge.com/en/news/261565107.md" published_at: "2025-10-17T07:17:19.000Z" --- # US Bancorp DE Reduces Holdings in The Descartes Systems Group Inc. $DSGX > US Bancorp DE reduced its holdings in The Descartes Systems Group Inc. by 32.3% in Q2, now owning 11,991 shares valued at $1.22 million. Other investors also adjusted their stakes, with GAMMA Investing LLC increasing its position by 23.2%. The Descartes Systems Group reported Q2 earnings of $0.43 EPS, missing estimates, but revenue rose 10% year-over-year. Analysts maintain a consensus rating of "Moderate Buy" with a price target of $121.80. US Bancorp DE trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 32.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,991 shares of the technology company's stock after selling 5,734 shares during the quarter. US Bancorp DE's holdings in The Descartes Systems Group were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission. - Descartes Systems Group Approaches Buy Point Of Flat Base A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in The Descartes Systems Group by 23.2% in the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company's stock worth $63,000 after acquiring an additional 117 shares during the period. Wealth Alliance LLC lifted its stake in The Descartes Systems Group by 5.4% in the first quarter. Wealth Alliance LLC now owns 2,297 shares of the technology company's stock worth $232,000 after acquiring an additional 118 shares during the period. Parallel Advisors LLC lifted its stake in The Descartes Systems Group by 35.1% in the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company's stock worth $59,000 after acquiring an additional 152 shares during the period. Alliance Wealth Advisors LLC UT lifted its stake in The Descartes Systems Group by 4.7% in the first quarter. Alliance Wealth Advisors LLC UT now owns 3,464 shares of the technology company's stock worth $349,000 after acquiring an additional 154 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its stake in The Descartes Systems Group by 0.4% in the first quarter. Montrusco Bolton Investments Inc. now owns 42,539 shares of the technology company's stock worth $4,282,000 after acquiring an additional 155 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors. ## The Descartes Systems Group Stock Performance Shares of The Descartes Systems Group stock opened at $95.15 on Friday. The company has a market capitalization of $8.18 billion, a PE ratio of 56.30 and a beta of 0.77. The company has a 50-day simple moving average of $99.35 and a two-hundred day simple moving average of $103.04. The Descartes Systems Group Inc. has a one year low of $91.00 and a one year high of $124.31. The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The firm had revenue of $178.98 million during the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year. ## Analyst Upgrades and Downgrades A number of analysts recently weighed in on DSGX shares. TD Securities started coverage on shares of The Descartes Systems Group in a research note on Friday, October 3rd. They issued a "buy" rating and a $121.00 price objective for the company. TD Cowen reaffirmed a "buy" rating and issued a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday, October 3rd. Morgan Stanley started coverage on shares of The Descartes Systems Group in a research note on Monday, July 14th. They issued an "equal weight" rating and a $110.00 price objective for the company. Wall Street Zen upgraded shares of The Descartes Systems Group from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Zacks Research upgraded shares of The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of "Moderate Buy" and a consensus price target of $121.80. **Check Out Our Latest Analysis on The Descartes Systems Group** ## The Descartes Systems Group Profile (Free Report) The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services. ## See Also - Five stocks we like better than The Descartes Systems Group - Golden Cross Stocks: Pattern, Examples and Charts - Salesforce’s Long-Awaited Inflection is Here: Rally On! - What is Insider Trading? What You Can Learn from Insider Trading - Rocket Lab USA Receives Wall Street Validation: Time to Buy? - Conference Calls and Individual Investors - Archer Buys Rival's Patent Treasure Trove in Strategic Move *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in The Descartes Systems Group Right Now? Before you consider The Descartes Systems Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Descartes Systems Group wasn't on the list. While The Descartes Systems Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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