BlackRock, Inc. filed an amended Schedule 13G with the SEC on October 27, 2026, disclosing beneficial ownership of 3,243,086 shares of common stock in Descartes Systems Group Inc., representing 3.8% of the class, as of the event date of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: BlackRock, Inc. reported beneficial ownership of 3,243,086 shares of Descartes Systems Group Inc. common stock.
  • Percent of class: The reported holdings represent 3.8% of the outstanding shares of the class.
  • Sole voting power: BlackRock reported sole voting power over 3,078,513 shares.
  • Sole dispositive power: BlackRock reported sole dispositive power over 3,243,086 shares.
  • Shared voting and dispositive power: Both shared voting power and shared dispositive power are reported as 0.
  • Event date: The date of the event requiring this filing is September 30, 2026.
  • Filer classification: BlackRock, Inc. is identified as a parent holding company (type HC), incorporated in Delaware.

BlackRock's Amended 13G Position in Descartes Systems Group

According to the filing, BlackRock, Inc., headquartered at 50 Hudson Yards, New York, NY 10001, submitted Amendment No. 1 to its Schedule 13G covering common stock of Descartes Systems Group Inc. (CUSIP 249906108), whose principal executive offices are listed at 120 Randall St, Waterloo, Canada N2V 1C6. The filing was signed by Spencer Fleming, Managing Director, on October 27, 2026.

The filing discloses that the reported securities are beneficially owned, or deemed beneficially owned, by certain business units of BlackRock, Inc. and its subsidiaries and affiliates, described in the filing as the "Reporting Business Units." The filing notes that it does not include securities, if any, beneficially owned by other business units whose beneficial ownership is disaggregated from that of the Reporting Business Units in accordance with SEC Release No. 34-39538 (January 12, 1998).

The filing also states under Item 5 that this represents ownership of 5 percent or less of the class. Under Item 6, the filing discloses that "various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Descartes Systems Group Inc.," and confirms that no single person's interest exceeds five percent of the total outstanding common shares. BlackRock certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

What Was Disclosed

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 3,243,086 shares, or 3.8%, of Descartes Systems Group Inc. common stock as of September 30, 2026, with sole voting power over 3,078,513 shares and sole dispositive power over the full reported position.