Horizon Investment Services LLC Buys New Holdings in Digi International Inc. $DGII

Horizon Investment Services LLC purchased a new position in shares of Digi International Inc. (NASDAQ:DGII) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,614 shares of the technology company’s stock, valued at approximately $945,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Digi International during the fourth quarter worth approximately $2,000,000. SG Americas Securities LLC lifted its stake 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 buying an additional 21,584 shares in the last quarter. Strs Ohio grew its holdings in shares of Digi International by 147.1% during the first quarter. Strs Ohio now owns 16,800 shares of the technology company’s stock valued at $810,000 after buying an additional 10,000 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Digi International by 6.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 193,155 shares of the technology company’s stock valued at $8,362,000 after buying an additional 11,900 shares during the last quarter. Finally, Legato Capital Management LLC grew its holdings in shares of Digi International by 183.1% during the fourth quarter. Legato Capital Management LLC now owns 17,436 shares of the technology company’s stock valued at $755,000 after buying an additional 11,276 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Transactions at Digi International

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

DGII stock opened at $85.12 on Monday. The stock’s fifty day simple moving average is $70.80 and its two-hundred day simple moving average is $59.85. 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 Inc. has a 1-year low of $32.07 and a 1-year high of $86.84. The stock has a market cap of $3.23 billion, a P/E ratio of 67.56 and a beta of 0.97.

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, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $138.67 million during the quarter, compared to analyst estimates of $132.57 million. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The business’s revenue was up 29.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Analysts expect that Digi International Inc. will post 2.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Digi International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. B. Riley Financial lifted 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. Stephens upped their price target on Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Piper Sandler increased their price target on Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.40.

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.