SCHEDULE 13G/A: T. Rowe Price Associates Discloses 7.3% Stake in Descartes Systems Group
Beneficial Ownership Report
Investment adviser T. Rowe Price Associates, Inc. has filed an amended Schedule 13G, reporting a 7.3% beneficial ownership stake in Descartes Systems Group as of December 31, 2024.
Summary
- T. Rowe Price Associates, Inc., an investment adviser based in Baltimore, Maryland, has filed an Amendment No. 12 to Schedule 13G.
- The filing reports their beneficial ownership in Descartes Systems Group (CUSIP: 249906108), a company with principal offices located at 120 Randall St, Waterloo, Ontario.
- As of December 31, 2024, T. Rowe Price Associates, Inc. beneficially owned an aggregate of 6,197,765 shares of Descartes Systems Group's common stock.
- This ownership represents 7.3% of the total class of securities.
- T. Rowe Price Associates, Inc. holds sole voting power over 6,659,304 shares and sole dispositive power over 6,802,663 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership by an investment adviser. It does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook, but rather a factual report of an investment position.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant stake (7.3%) by a major institutional investor like T. Rowe Price Associates, Inc. may be viewed as a sign of confidence in Descartes Systems Group, potentially influencing investor perception.
- Company Management: Awareness of a large institutional holder may influence strategic decisions, though the filing explicitly states the shares are not held for control purposes.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement, indicating the beneficial ownership position. |
| 02/14/2025 | Date the Schedule 13G Amendment No. 12 was signed by T. Rowe Price Associates, Inc. |
Keywords
Descartes Systems Group, T. Rowe Price Associates, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, 249906108
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