Digi International Inc. (NASDAQ:DGII) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Digi International Inc. (NASDAQ:DGII) by 92.5% in the second quarter, Holdings Channel.com reports. The fund owned 8,140 shares of the technology company’s stock after buying an additional 3,911 shares during the quarter. SG Americas Securities LLC’s holdings in Digi International were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DGII. Harbor Capital Advisors Inc. increased its position in shares of Digi International by 216.7% in the second quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company’s stock valued at $2,091,000 after buying an additional 62,402 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Digi International in the 1st quarter valued at about $269,000. Summit Creek Advisors LLC grew its stake in Digi International by 13.9% during the first quarter. Summit Creek Advisors LLC now owns 338,827 shares of the technology company’s stock worth $10,819,000 after buying an additional 41,392 shares during the period. Russell Investments Group Ltd. raised its position in Digi International by 1,814.0% in the first quarter. Russell Investments Group Ltd. now owns 57,764 shares of the technology company’s stock valued at $1,844,000 after purchasing an additional 54,746 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in Digi International by 20.9% during the 1st quarter. Geneva Capital Management LLC now owns 1,687,660 shares of the technology company’s stock valued at $53,887,000 after purchasing an additional 291,618 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Digi International Stock Up 3.5 %

Digi International stock opened at $29.47 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 2.05. The firm has a market cap of $1.07 billion, a PE ratio of 77.55, a P/E/G ratio of 0.87 and a beta of 1.07. Digi International Inc. has a twelve month low of $20.17 and a twelve month high of $33.80. The firm’s 50 day moving average price is $24.97 and its two-hundred day moving average price is $27.25.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $105.20 million for the quarter, compared to analyst estimates of $105.60 million. Digi International had a net margin of 3.20% and a return on equity of 11.61%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. On average, research analysts predict that Digi International Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

DGII has been the topic of several analyst reports. Roth Mkm dropped their price objective on Digi International from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Piper Sandler dropped their price objective on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Craig Hallum dropped their target price on Digi International from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com raised Digi International from a “hold” rating to a “buy” rating in a research note on Saturday, June 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.20.

Digi International Profile

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.