Hillsdale Investment Management Inc. grew its position in shares of Digi International Inc. (NASDAQ:DGII – Free Report) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 193,155 shares of the technology company’s stock after acquiring an additional 11,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Digi International were worth $8,362,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Digi International during the fourth quarter worth about $2,000,000. Herald Investment Management Ltd increased its stake in Digi International by 25.0% during the third quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock worth $3,646,000 after acquiring an additional 20,000 shares during the last quarter. Horizon Investments LLC acquired a new stake in Digi International during the fourth quarter worth about $598,000. Legato Capital Management LLC increased its stake in Digi International by 183.1% during the fourth quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock worth $755,000 after acquiring an additional 11,276 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Digi International during the third quarter worth about $292,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DGII has been the subject of a number of recent research reports. Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Roth Mkm reiterated a “buy” rating and issued a $70.00 target price on shares of Digi International in a research note on Thursday, May 7th. Stephens increased their target price on Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Finally, Piper Sandler increased their target price on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.20.
Insider Activity at Digi International
In related news, VP David H. Sampsell sold 6,376 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.11, for a total value of $415,141.36. Following the completion of the transaction, the vice president owned 18,364 shares of the company’s stock, valued at approximately $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Terrence G. Schneider sold 14,182 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.61, for a total value of $930,481.02. Following the completion of the transaction, the vice president directly owned 26,759 shares of the company’s stock, valued at $1,755,657.99. This represents a 34.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 21,008 shares of company stock valued at $1,376,222. Insiders own 3.40% of the company’s stock.
Digi International Price Performance
DGII stock opened at $66.75 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 59.07 and a beta of 0.94. Digi International Inc. has a 1 year low of $30.69 and a 1 year high of $69.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.11. The stock has a 50-day simple moving average of $56.82 and a 200-day simple moving average of $48.96.
Digi International (NASDAQ:DGII – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.Digi International’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. On average, equities analysts predict that Digi International Inc. will post 2.11 earnings per share for the current fiscal year.
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.
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