Strs Ohio Has $810,000 Stake in Digi International Inc. $DGII

Strs Ohio lifted its stake in Digi International Inc. (NASDAQ:DGII) by 147.1% in the first quarter, Holdings Channel.com reports. The firm owned 16,800 shares of the technology company’s stock after acquiring an additional 10,000 shares during the quarter. Strs Ohio’s holdings in Digi International were worth $810,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Lazard Asset Management LLC increased its stake in Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the period. Russell Investments Group Ltd. lifted its position in Digi International by 1,530.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after buying an additional 3,169 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of Digi International during the 4th quarter valued at $204,000. Brooklyn Investment Group boosted its stake in shares of Digi International by 3,880.3% during the 3rd quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock valued at $206,000 after buying an additional 5,510 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Digi International during the 3rd quarter valued at $292,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Digi International Trading Up 1.7%

Digi International stock opened at $71.33 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 0.77. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 63.12 and a beta of 0.96. Digi International Inc. has a one year low of $30.69 and a one year high of $76.41. The company’s fifty day moving average price is $66.51 and its two-hundred day moving average price is $54.47.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $130.74 million for the quarter, compared to analyst estimates of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The business’s revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, analysts forecast that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DGII shares. Weiss Ratings downgraded shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Craig Hallum lifted their price objective on Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Roth Capital restated a “buy” rating and issued a $70.00 target price on shares of Digi International in a research note on Thursday, May 7th. Piper Sandler upped their target price on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Stephens raised their price target on Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

Insider Buying and Selling

In other Digi International news, VP Terrence G. Schneider sold 14,182 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $65.61, for a total transaction of $930,481.02. Following the completion of the sale, the vice president owned 26,759 shares of the company’s stock, valued at $1,755,657.99. This represents a 34.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David H. Sampsell sold 6,376 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total value of $415,141.36. Following the transaction, the vice president owned 18,364 shares in the company, valued at approximately $1,195,680.04. This trade represents a 25.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 121,008 shares of company stock valued at $8,320,222 over the last 90 days. 3.40% of the stock is currently owned by insiders.

About Digi International

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.