Campbell & CO Investment Adviser LLC Purchases New Position in Digi International Inc. $DGII

Campbell & CO Investment Adviser LLC acquired a new position in Digi International Inc. (NASDAQ:DGII) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 22,036 shares of the technology company’s stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geneva Capital Management LLC lifted its position in shares of Digi International by 5.9% during the second quarter. Geneva Capital Management LLC now owns 1,730,417 shares of the technology company’s stock worth $60,322,000 after acquiring an additional 95,756 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Digi International by 6.6% during the 2nd quarter. New York State Teachers Retirement System now owns 58,347 shares of the technology company’s stock valued at $2,034,000 after purchasing an additional 3,632 shares during the period. KLP Kapitalforvaltning AS raised its stake in shares of Digi International by 20.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the technology company’s stock valued at $272,000 after purchasing an additional 1,300 shares during the period. GAMMA Investing LLC boosted its stake in Digi International by 67.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,696 shares of the technology company’s stock worth $59,000 after purchasing an additional 685 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Digi International by 5,263.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,038 shares of the technology company’s stock worth $71,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 95.90% of the company’s stock.

Digi International Price Performance

DGII stock opened at $38.53 on Friday. The firm has a 50 day simple moving average of $36.80 and a two-hundred day simple moving average of $34.38. The stock has a market cap of $1.43 billion, a PE ratio of 33.80, a P/E/G ratio of 1.23 and a beta of 0.93. Digi International Inc. has a one year low of $22.39 and a one year high of $44.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.43 and a quick ratio of 1.03.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. Digi International had a net margin of 10.14% and a return on equity of 10.96%. The firm had revenue of $114.34 million for the quarter, compared to analysts’ expectations of $110.75 million. During the same quarter last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Digi International has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Analyst Ratings Changes

DGII has been the topic of several analyst reports. Stephens reiterated an “overweight” rating and set a $50.00 price target on shares of Digi International in a research report on Tuesday, August 19th. B. Riley upped their target price on shares of Digi International from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler increased their target price on shares of Digi International from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Digi International in a research report on Wednesday, October 8th. Finally, Roth Capital upped their price target on shares of Digi International from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Digi International presently has an average rating of “Moderate Buy” and an average price target of $46.80.

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.