Hillsdale Investment Management Inc. Has $6.61 Million Stock Position in Digi International Inc. $DGII

Hillsdale Investment Management Inc. raised its holdings in Digi International Inc. (NASDAQ:DGII) by 47.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,255 shares of the technology company’s stock after buying an additional 58,100 shares during the quarter. Hillsdale Investment Management Inc. owned 0.49% of Digi International worth $6,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DGII. Bessemer Group Inc. increased its stake in shares of Digi International by 2,215.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,174 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after purchasing an additional 339 shares during the period. LSV Asset Management bought a new stake in Digi International in the third quarter valued at $153,000. SG Americas Securities LLC bought a new stake in Digi International in the second quarter valued at $196,000. Finally, Strs Ohio raised its holdings in shares of Digi International by 1,600.0% during the third quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock valued at $248,000 after purchasing an additional 6,400 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Digi International Stock Performance

Shares of Digi International stock opened at $50.20 on Friday. Digi International Inc. has a 52 week low of $22.39 and a 52 week high of $51.78. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $44.60 and a 200-day moving average price of $39.86. The company has a market cap of $1.89 billion, a PE ratio of 44.82 and a beta of 0.85.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The business had revenue of $122.46 million during the quarter, compared to the consensus estimate of $115.90 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. Digi International’s revenue was up 17.9% compared to the same quarter last year. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Equities analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. B. Riley Financial raised their target price on Digi International from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Zacks Research lowered Digi International from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Stephens raised their price objective on Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, January 2nd. Roth Mkm boosted their price objective on Digi International from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $50.00 target price on shares of Digi International in a research report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Digi International has a consensus rating of “Hold” and a consensus price target of $49.80.

Insider Activity

In related news, VP David H. Sampsell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total transaction of $228,700.00. Following the transaction, the vice president directly owned 24,740 shares of the company’s stock, valued at $1,131,607.60. This trade represents a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the sale, the director directly owned 85,298 shares of the company’s stock, valued at $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 47,805 shares of company stock worth $2,020,057. Company insiders own 3.40% of the company’s stock.

Digi International 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.