Digi International Inc. $DGII Holdings Lifted by Strs Ohio

Strs Ohio raised its position in Digi International Inc. (NASDAQ:DGII) by 147.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,800 shares of the technology company’s stock after purchasing an additional 10,000 shares during the quarter. Strs Ohio’s holdings in Digi International were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GW&K Investment Management LLC acquired a new position in Digi International during the 4th quarter valued at about $2,410,000. Ameriprise Financial Inc. lifted its stake in shares of Digi International by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Digi International in the fourth quarter valued at approximately $2,000,000. SG Americas Securities LLC boosted its holdings in shares of Digi International by 84.4% in the first quarter. SG Americas Securities LLC now owns 47,149 shares of the technology company’s stock valued at $2,273,000 after acquiring an additional 21,584 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Digi International by 65.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 47,468 shares of the technology company’s stock valued at $2,055,000 after acquiring an additional 18,706 shares during the period. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DGII. Weiss Ratings cut Digi International from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded Digi International from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Craig Hallum boosted their price objective on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Piper Sandler boosted their price objective on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Roth Capital restated a “buy” rating and issued a $70.00 price objective on shares of Digi International in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.20.

Digi International Trading Up 1.7%

NASDAQ:DGII opened at $71.33 on Thursday. The stock has a fifty day simple moving average of $66.51 and a 200 day simple moving average of $54.47. The firm 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 1-year low of $30.69 and a 1-year high of $76.41. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $130.74 million for 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%.The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Sell-side analysts forecast that Digi International Inc. will post 2.11 earnings per share for the current year.

Insider Activity

In other Digi International news, VP David H. Sampsell sold 6,376 shares of Digi International stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total transaction of $415,141.36. Following the transaction, the vice president directly owned 18,364 shares in the company, valued at approximately $1,195,680.04. The trade was a 25.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP James E. Freeland sold 450 shares of Digi International stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total transaction of $30,600.00. Following the transaction, the vice president owned 19,219 shares in the company, valued at approximately $1,306,892. The trade was a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 121,008 shares of company stock worth $8,320,222. 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.