SG Americas Securities LLC Sells 8,402 Shares of Digi International Inc. (NASDAQ:DGII)

SG Americas Securities LLC decreased its position in shares of Digi International Inc. (NASDAQ:DGII) by 49.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,526 shares of the technology company’s stock after selling 8,402 shares during the period. SG Americas Securities LLC’s holdings in Digi International were worth $258,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,418 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after purchasing an additional 8,235 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Digi International by 1.3% in the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock valued at $24,074,000 after purchasing an additional 11,239 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in Digi International by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock worth $45,560,000 after acquiring an additional 79,313 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Trading Up 17.3 %

DGII opened at $35.68 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 58.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. Digi International Inc. has a 52 week low of $20.17 and a 52 week high of $37.06. The business’s 50 day moving average is $31.23 and its two-hundred day moving average is $29.60. The company has a quick ratio of 1.13, a current ratio of 1.73 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Digi International had a net margin of 5.31% and a return on equity of 11.24%. On average, research analysts predict that Digi International Inc. will post 1.65 EPS for the current year.

Insider Transactions at Digi International

In other Digi International news, Director Satbir Khanuja sold 7,000 shares of Digi International stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $31.76, for a total transaction of $222,320.00. Following the sale, the director now directly owns 83,255 shares in the company, valued at $2,644,178.80. The trade was a 7.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Terrence G. Schneider sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $33.06, for a total value of $92,832.48. Following the sale, the vice president now owns 39,002 shares in the company, valued at $1,289,406.12. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,329 shares of company stock worth $332,361 in the last ninety days. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler boosted their target price on shares of Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Craig Hallum reaffirmed a “hold” rating and set a $32.00 target price (up from $28.00) on shares of Digi International in a report on Thursday, November 14th. StockNews.com raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Stephens reissued an “overweight” rating and set a $45.00 price objective on shares of Digi International in a research note on Thursday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.75.

Digi International Company 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.