DESCARTES SYS GROUP INC

Ticker: DSGX CUSIP: 249906108 Class: COM

MONTRUSCO BOLTON INVESTMENTS INC.'s Holding History (CIK: 0001475940)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 192,740 Value ($000) $16,931 Avg Close $89.38 Range $78.88 - $98.35

Q3 2025

Shares 127,963 Value ($000) $12,051 Avg Close $102.22 Range $93.84 - $109.00

Q2 2025

Shares 117,600 Value ($000) $11,922 Avg Close $105.49 Range $92.00 - $117.35

Q1 2025

Shares 42,539 Value ($000) $4,282 Avg Close $110.56 Range $92.55 - $124.31

Q4 2024

Shares 42,384 Value ($000) $4,815 Avg Close $111.51 Range $99.78 - $122.88

Q3 2024

Shares 42,902 Value ($000) $4,420 Avg Close $99.39 Range $90.61 - $105.12

Q2 2024

Shares 35,894 Value ($000) $3,477 Avg Close $94.02 Range $87.20 - $100.69

Q1 2024

Shares 39,864 Value ($000) $3,650 Avg Close $87.95 Range $79.21 - $94.54

Q4 2023

Shares 40,406 Value ($000) $3,411 Avg Close $77.95 Range $69.59 - $86.18

Q3 2023

Shares 40,193 Value ($000) $2,964 Avg Close $75.41 Range $70.32 - $81.64

Q2 2023

Shares 54,628 Value ($000) $4,381 Avg Close $77.90 Range $73.40 - $82.02

Q1 2023

Shares 54,572 Value ($000) $4,399 Avg Close $74.51 Range $66.46 - $81.31

Q4 2022

Shares 56,942 Value ($000) $3,967 Avg Close $68.33 Range $62.12 - $73.86

Q3 2022

Shares 54,970 Value ($000) $3,509 Avg Close $67.83 Range $61.26 - $73.16

Q2 2022

Shares 55,203 Value ($000) $3,423 Avg Close $62.40 Range $56.19 - $75.38

Q1 2022

Shares 61,971 Value ($000) $4,541 Avg Close $72.10 Range $64.92 - $82.87

Q4 2021

Shares 108,488 Value ($000) $8,985 Avg Close $81.94 Range $74.35 - $91.39

Q3 2021

Shares 173,351 Value ($000) $14,108 Avg Close $75.74 Range $67.57 - $87.46

Q2 2021

Shares 223,193 Value ($000) $15,452 Avg Close $63.22 Range $56.78 - $70.52

Q1 2021

Shares 255,431 Value ($000) $15,582 Avg Close $60.92 Range $56.55 - $64.82

Q4 2020

Shares 284,178 Value ($000) $16,607 Avg Close $56.62 Range $51.97 - $61.02

Q3 2020

Shares 211,457 Value ($000) $12,007 Avg Close $55.34 Range $50.53 - $63.11

Q2 2020

Shares 194,156 Value ($000) $10,930 Avg Close $44.44 Range $32.17 - $53.30

Q1 2020

Shares 306,595 Value ($000) $10,428 Avg Close $41.58 Range $24.35 - $47.43

Q4 2019

Shares 260,190 Value ($000) $11,136 Avg Close $40.80 Range $38.10 - $43.81

Q3 2019

Shares 399,400 Value ($000) $15,574 Avg Close $37.00 Range $33.35 - $40.99

Q2 2019

Shares 359,647 Value ($000) $13,335 Avg Close $38.91 Range $35.97 - $41.60

Q1 2019

Shares 453,402 Value ($000) $18,032 Avg Close $32.34 Range $25.19 - $36.44

Q4 2018

Shares 559,299 Value ($000) $14,754 Avg Close $29.25 Range $25.21 - $34.37

Q3 2018

Shares 544,937 Value ($000) $18,470 Avg Close $33.76 Range $31.55 - $35.87

Q2 2018

Shares 831,772 Value ($000) $27,082 Avg Close $30.17 Range $27.98 - $32.65

Q1 2018

Shares 901,854 Value ($000) $25,756 Avg Close $27.87 Range $24.85 - $30.50

Q4 2017

Shares 967,943 Value ($000) $27,610 Avg Close $28.76 Range $26.35 - $31.23

Q3 2017

Shares 797,187 Value ($000) $21,691 Avg Close $26.43 Range $23.40 - $29.25

Q2 2017

Shares 970,501 Value ($000) $23,577 Avg Close $23.86 Range $22.35 - $25.45

Q1 2017

Shares 937,036 Value ($000) $21,409 Avg Close $22.01 Range $21.00 - $23.75

Q4 2016

Shares 951,618 Value ($000) $20,316 Avg Close $21.23 Range $20.20 - $22.90

Q3 2016

Shares 1,039,224 Value ($000) $22,322 Avg Close $20.46 Range $18.45 - $22.02

Q2 2016

Shares 1,112,762 Value ($000) $21,172 Avg Close $19.47 Range $18.09 - $21.09

Q1 2016

Shares 1,129,800 Value ($000) $22,082 Avg Close $17.57 Range $15.01 - $19.96

Q4 2015

Shares 1,345,135 Value ($000) $26,959 Avg Close $18.69 Range $16.77 - $20.74

Q3 2015

Shares 1,453,825 Value ($000) $25,635 Avg Close $16.96 Range $14.59 - $18.51

Q2 2015

Shares 1,639,905 Value ($000) $26,337 Avg Close $15.52 Range $14.59 - $16.63

Q1 2015

Shares 1,725,718 Value ($000) $26,039 Avg Close $15.10 Range $14.17 - $15.74

Q4 2014

Shares 1,734,948 Value ($000) $25,839 Avg Close $14.46 Range $12.45 - $15.93

Q3 2014

Shares 1,742,248 Value ($000) $24,024 Avg Close $14.03 Range $13.12 - $14.78

Q2 2014

Shares 1,922,688 Value ($000) $27,600 Avg Close $13.58 Range $12.25 - $14.84

Q1 2014

Shares 2,071,568 Value ($000) $28,999 Avg Close $13.93 Range $13.06 - $15.71

Q4 2013

Shares 2,209,398 Value ($000) $29,549 Avg Close $12.61 Range $11.02 - $14.69

Q3 2013

Shares 3,420,048 Value ($000) $39,328 Avg Close $11.32 Range $10.46 - $12.55

Q2 2013

Shares 3,749,733 Value ($000) $43,046 Avg Close $10.34 Range $8.98 - $11.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	192,740	$16,931	$89.38	$78.88 - $98.35
Q3 2025	127,963	$12,051	$102.22	$93.84 - $109.00
Q2 2025	117,600	$11,922	$105.49	$92.00 - $117.35
Q1 2025	42,539	$4,282	$110.56	$92.55 - $124.31
Q4 2024	42,384	$4,815	$111.51	$99.78 - $122.88
Q3 2024	42,902	$4,420	$99.39	$90.61 - $105.12
Q2 2024	35,894	$3,477	$94.02	$87.20 - $100.69
Q1 2024	39,864	$3,650	$87.95	$79.21 - $94.54
Q4 2023	40,406	$3,411	$77.95	$69.59 - $86.18
Q3 2023	40,193	$2,964	$75.41	$70.32 - $81.64
Q2 2023	54,628	$4,381	$77.90	$73.40 - $82.02
Q1 2023	54,572	$4,399	$74.51	$66.46 - $81.31
Q4 2022	56,942	$3,967	$68.33	$62.12 - $73.86
Q3 2022	54,970	$3,509	$67.83	$61.26 - $73.16
Q2 2022	55,203	$3,423	$62.40	$56.19 - $75.38
Q1 2022	61,971	$4,541	$72.10	$64.92 - $82.87
Q4 2021	108,488	$8,985	$81.94	$74.35 - $91.39
Q3 2021	173,351	$14,108	$75.74	$67.57 - $87.46
Q2 2021	223,193	$15,452	$63.22	$56.78 - $70.52
Q1 2021	255,431	$15,582	$60.92	$56.55 - $64.82
Q4 2020	284,178	$16,607	$56.62	$51.97 - $61.02
Q3 2020	211,457	$12,007	$55.34	$50.53 - $63.11
Q2 2020	194,156	$10,930	$44.44	$32.17 - $53.30
Q1 2020	306,595	$10,428	$41.58	$24.35 - $47.43
Q4 2019	260,190	$11,136	$40.80	$38.10 - $43.81
Q3 2019	399,400	$15,574	$37.00	$33.35 - $40.99
Q2 2019	359,647	$13,335	$38.91	$35.97 - $41.60
Q1 2019	453,402	$18,032	$32.34	$25.19 - $36.44
Q4 2018	559,299	$14,754	$29.25	$25.21 - $34.37
Q3 2018	544,937	$18,470	$33.76	$31.55 - $35.87
Q2 2018	831,772	$27,082	$30.17	$27.98 - $32.65
Q1 2018	901,854	$25,756	$27.87	$24.85 - $30.50
Q4 2017	967,943	$27,610	$28.76	$26.35 - $31.23
Q3 2017	797,187	$21,691	$26.43	$23.40 - $29.25
Q2 2017	970,501	$23,577	$23.86	$22.35 - $25.45
Q1 2017	937,036	$21,409	$22.01	$21.00 - $23.75
Q4 2016	951,618	$20,316	$21.23	$20.20 - $22.90
Q3 2016	1,039,224	$22,322	$20.46	$18.45 - $22.02
Q2 2016	1,112,762	$21,172	$19.47	$18.09 - $21.09
Q1 2016	1,129,800	$22,082	$17.57	$15.01 - $19.96
Q4 2015	1,345,135	$26,959	$18.69	$16.77 - $20.74
Q3 2015	1,453,825	$25,635	$16.96	$14.59 - $18.51
Q2 2015	1,639,905	$26,337	$15.52	$14.59 - $16.63
Q1 2015	1,725,718	$26,039	$15.10	$14.17 - $15.74
Q4 2014	1,734,948	$25,839	$14.46	$12.45 - $15.93
Q3 2014	1,742,248	$24,024	$14.03	$13.12 - $14.78
Q2 2014	1,922,688	$27,600	$13.58	$12.25 - $14.84
Q1 2014	2,071,568	$28,999	$13.93	$13.06 - $15.71
Q4 2013	2,209,398	$29,549	$12.61	$11.02 - $14.69
Q3 2013	3,420,048	$39,328	$11.32	$10.46 - $12.55
Q2 2013	3,749,733	$43,046	$10.34	$8.98 - $11.90