Digi International Inc. $DGII Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Digi International Inc. (NASDAQ:DGII) by 445.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 30,670 shares of the technology company’s stock after buying an additional 25,046 shares during the period. SG Americas Securities LLC’s holdings in Digi International were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares during the period. GAMMA Investing LLC grew its position in Digi International by 67.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock worth $59,000 after purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Digi International by 5,263.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company’s stock valued at $71,000 after purchasing an additional 2,000 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Digi International by 20.0% in the second quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company’s stock valued at $272,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Digi International in the second quarter worth $768,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on DGII. Stephens upped their price target on Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a report on Wednesday, December 24th. Roth Capital increased their price target on shares of Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Craig Hallum raised shares of Digi International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $45.00 in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Digi International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Digi International presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.80.

Insider Transactions at Digi International

In related news, VP Terrence G. Schneider sold 16,667 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $40.56, for a total value of $676,013.52. Following the transaction, the vice president directly owned 24,756 shares of the company’s stock, valued at approximately $1,004,103.36. This trade represents a 40.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David H. Sampsell sold 22,222 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $38.38, for a total value of $852,880.36. Following the completion of the sale, the vice president owned 31,749 shares of the company’s stock, valued at approximately $1,218,526.62. This trade represents a 41.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 56,572 shares of company stock worth $2,256,580. 3.40% of the stock is currently owned by insiders.

Digi International Stock Performance

Shares of DGII opened at $44.05 on Friday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 40.79 and a beta of 0.86. The company’s fifty day moving average is $42.49 and its 200-day moving average is $37.77. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.25. Digi International Inc. has a 12 month low of $22.39 and a 12 month high of $48.00.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Digi International had a net margin of 9.48% and a return on equity of 10.88%. The firm had revenue of $114.34 million during the quarter, compared to analysts’ expectations of $110.75 million. During the same period in the prior year, the company posted $0.52 earnings per share. Digi International’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts expect that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Digi International Company Profile

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.