Globeflex Capital L P Purchases Shares of 43,366 Digi International Inc. $DGII

Globeflex Capital L P acquired a new position in shares of Digi International Inc. (NASDAQ:DGII) in the second quarter, HoldingsChannel.com reports. The firm acquired 43,366 shares of the technology company’s stock, valued at approximately $3,250,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DGII. Virtus Advisers LLC bought a new position in shares of Digi International in the second quarter valued at about $398,000. Lisanti Capital Growth LLC acquired a new stake in shares of Digi International during the 2nd quarter worth about $1,614,000. BlackRock Inc. bought a new stake in shares of Digi International during the 2nd quarter worth about $445,526,000. Deutsche Bank AG bought a new stake in shares of Digi International during the 2nd quarter worth about $2,942,000. Finally, Horizon Investment Services LLC acquired a new position in Digi International in the 2nd quarter valued at about $945,000. 95.90% of the stock is owned by institutional investors.

Digi International Price Performance

Shares of Digi International stock opened at $74.91 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 59.45 and a beta of 0.97. Digi International Inc. has a twelve month low of $33.05 and a twelve month high of $86.84. The company has a 50-day simple moving average of $71.89 and a two-hundred day simple moving average of $61.03.

Digi International (NASDAQ:DGII) last announced its 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 net margin of 9.63% and a return on equity of 12.16%. The firm had revenue of $138.67 million for the quarter, compared to analyst estimates of $132.57 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Analysts forecast that Digi International Inc. will post 2.31 EPS for the current year.

Insider Activity at Digi International

In other Digi International news, CFO James J. Loch sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the transaction, the chief financial officer owned 167,589 shares in the company, valued at $11,637,380.16. This trade represents a 37.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James E. Freeland sold 450 shares of Digi International stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total value of $30,600.00. Following the completion of the transaction, the vice president directly owned 19,219 shares of the company’s stock, valued at $1,306,892. This represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DGII shares. Weiss Ratings raised shares of Digi International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Zacks Research cut Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Roth Capital set a $90.00 target price on Digi International and gave the company a “buy” rating in a research report on Thursday, August 6th. B. Riley Financial increased their target price on Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Craig Hallum boosted their price target on Digi International from $50.00 to $75.00 and gave the company a “buy” 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.

Digi International Company 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.