Campbell & CO Investment Adviser LLC Buys Shares of 9,083 The Descartes Systems Group Inc. $DSGX

Campbell & CO Investment Adviser LLC bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,083 shares of the technology company’s stock, valued at approximately $923,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PCJ Investment Counsel Ltd. boosted its stake in The Descartes Systems Group by 34.2% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 47,930 shares of the technology company’s stock valued at $4,872,000 after acquiring an additional 12,220 shares during the last quarter. Aviva PLC increased its position in shares of The Descartes Systems Group by 8.5% in the 2nd quarter. Aviva PLC now owns 60,356 shares of the technology company’s stock worth $6,130,000 after purchasing an additional 4,709 shares during the last quarter. AGF Management Ltd. raised its stake in shares of The Descartes Systems Group by 26.3% in the 2nd quarter. AGF Management Ltd. now owns 139,529 shares of the technology company’s stock valued at $14,174,000 after purchasing an additional 29,012 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of The Descartes Systems Group by 11.8% during the second quarter. Metis Global Partners LLC now owns 3,267 shares of the technology company’s stock worth $332,000 after purchasing an additional 345 shares during the last quarter. Finally, Harvest Portfolios Group Inc. acquired a new position in The Descartes Systems Group in the second quarter worth about $248,000. Institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DSGX. Wall Street Zen upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. TD Securities started coverage on shares of The Descartes Systems Group in a research note on Friday, October 3rd. They set a “buy” rating and a $121.00 target price for the company. CIBC dropped their target price on shares of The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Descartes Systems Group in a research report on Wednesday, October 8th. One investment 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.70.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $82.31 on Friday. The firm has a market capitalization of $7.07 billion, a PE ratio of 48.70 and a beta of 0.75. The Descartes Systems Group Inc. has a 1-year low of $82.02 and a 1-year high of $124.31. The business’s fifty day moving average price is $95.48 and its two-hundred day moving average price is $101.51.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The firm had revenue of $178.98 million for the quarter, compared to analyst estimates of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

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.