Digi International Inc. (NASDAQ:DGII) Shares Sold by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC reduced its stake in Digi International Inc. (NASDAQ:DGII) by 48.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,955 shares of the technology company’s stock after selling 1,850 shares during the period. Ulland Investment Advisors LLC’s holdings in Digi International were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DGII. KLP Kapitalforvaltning AS purchased a new position in Digi International in the fourth quarter valued at $196,000. New Age Alpha Advisors LLC purchased a new position in Digi International in the fourth quarter valued at $1,400,000. Sterling Capital Management LLC increased its holdings in Digi International by 868.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,143 shares of the technology company’s stock valued at $35,000 after buying an additional 1,025 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Digi International by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 21,655 shares of the technology company’s stock valued at $655,000 after buying an additional 1,451 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Digi International by 8.8% in the fourth quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company’s stock valued at $10,880,000 after buying an additional 29,026 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on DGII shares. Piper Sandler increased their target price on Digi International from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 20th.

Digi International Stock Performance

Shares of DGII stock opened at $34.45 on Thursday. The stock’s 50-day moving average is $29.87 and its two-hundred day moving average is $30.66. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 1.23 and a beta of 0.89. Digi International Inc. has a 1 year low of $20.17 and a 1 year high of $37.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.61.

Digi International (NASDAQ:DGII) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $104.50 million for the quarter, compared to analyst estimates of $104.08 million. Digi International had a return on equity of 11.16% and a net margin of 8.45%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. Analysts predict that Digi International Inc. will post 1.68 earnings per share for the current year.

About Digi International

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.