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Descartes Stock Down 29% in a Year — Is That Why a Major Investor Just Cut Its Stake?
The Motley Fool· 2025-12-03 08:55
Descartes’ steady financial results weren’t enough to keep one major investor from cutting back—here’s what the move signals.New York City-based Praesidium Investment Management Company cut its stake in The Descartes Systems Group (DSGX +0.67%) by 206,057 shares in the third quarter, according to a November 14 SEC filing.What HappenedPraesidium Investment Management Company reported in a U.S. Securities and Exchange Commission (SEC) filing dated November 14 that it reduced its holdings in The Descartes Syst ...