Piper Sandler reiterated their overweight rating on shares of Digi International (NASDAQ:DGII – Free Report) in a report issued on Friday morning, Benzinga reports. Piper Sandler currently has a $35.00 price target on the technology company’s stock, down from their previous price target of $40.00.
Separately, Stephens increased their target price on Digi International from $40.00 to $45.00 and gave the company an overweight rating in a research note on Monday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $38.00.
Get Our Latest Stock Analysis on Digi International
Digi International Stock Performance
Institutional Investors Weigh In On Digi International
Several large investors have recently modified their holdings of DGII. Geneva Capital Management LLC boosted its stake in Digi International by 20.9% in the 1st quarter. Geneva Capital Management LLC now owns 1,687,660 shares of the technology company’s stock valued at $53,887,000 after buying an additional 291,618 shares in the last quarter. New York State Common Retirement Fund boosted its position in Digi International by 44.4% in the third quarter. New York State Common Retirement Fund now owns 676,652 shares of the technology company’s stock valued at $18,270,000 after buying an additional 208,204 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Digi International by 36.1% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 527,007 shares of the technology company’s stock worth $14,229,000 after purchasing an additional 139,720 shares during the period. Summit Creek Advisors LLC raised its holdings in Digi International by 16.5% during the 4th quarter. Summit Creek Advisors LLC now owns 297,435 shares of the technology company’s stock worth $7,733,000 after purchasing an additional 42,179 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Digi International by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 102,783 shares of the technology company’s stock valued at $2,775,000 after purchasing an additional 502 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Digi International Company Profile
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.
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