21,540 Shares in Digi International Inc. $DGII Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in shares of Digi International Inc. (NASDAQ:DGII) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 21,540 shares of the technology company’s stock, valued at approximately $1,614,000.

Several other hedge funds have also recently made changes to their positions in the company. Leuthold Group LLC increased its holdings in shares of Digi International by 0.5% in the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after purchasing an additional 264 shares during the period. Russell Investments Group Ltd. raised its position in Digi International by 8.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after acquiring an additional 273 shares in the last quarter. Brooklyn Investment Group raised its position in Digi International by 5.9% during the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after acquiring an additional 331 shares in the last quarter. Lazard Asset Management LLC lifted 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 valued at $58,000 after acquiring an additional 339 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Digi International by 17.0% in the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock valued at $193,000 after acquiring an additional 374 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DGII has been the topic of several analyst reports. Piper Sandler raised their price target on shares of Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of Digi International from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Roth Capital set a $90.00 target price on shares of Digi International and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Digi International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, B. Riley Financial raised their target price on Digi International from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Digi International currently has a consensus rating of “Moderate Buy” and an average price target of $82.40.

Insider Activity

In related news, CFO James J. Loch sold 100,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the sale, the chief financial officer owned 167,589 shares of the company’s stock, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James E. Freeland sold 450 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total value of $30,600.00. Following the completion of the sale, the vice president directly owned 19,219 shares of the company’s stock, valued at $1,306,892. This trade represents a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.40% of the company’s stock.

Digi International Price Performance

NASDAQ:DGII opened at $76.09 on Thursday. The stock has a 50 day moving average of $71.66 and a two-hundred day moving average of $60.60. Digi International Inc. has a 12 month low of $32.76 and a 12 month high of $86.84. The firm has a market cap of $2.89 billion, a P/E ratio of 60.39 and a beta of 0.97. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The firm had revenue of $138.67 million for the quarter, compared to analyst estimates of $132.57 million. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 29.0% on a year-over-year basis. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. On average, analysts expect that Digi International Inc. will post 2.31 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.