Horizon Investments LLC Invests $598,000 in Digi International Inc. $DGII

Horizon Investments LLC purchased a new position in shares of Digi International Inc. (NASDAQ:DGII) in the 4th quarter, Holdings Channel reports. The fund purchased 13,822 shares of the technology company’s stock, valued at approximately $598,000.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Digi International by 2,215.1% during the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after acquiring an additional 1,174 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after acquiring an additional 339 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Digi International by 1,530.9% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after acquiring an additional 3,169 shares during the last quarter. LSV Asset Management bought a new position in shares of Digi International during the third quarter worth about $153,000. Finally, Brooklyn Investment Group grew its position in shares of Digi International by 3,880.3% during the third quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock worth $206,000 after acquiring an additional 5,510 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Digi International Stock Performance

NASDAQ:DGII opened at $65.78 on Friday. Digi International Inc. has a twelve month low of $30.69 and a twelve month high of $69.81. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $52.08 and a 200-day moving average of $45.98. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 58.21 and a beta of 0.94.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The company had revenue of $130.74 million during the quarter, compared to analyst estimates of $125.03 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Analysts forecast that Digi International Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Satbir Khanuja sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $46.00, for a total transaction of $276,000.00. Following the completion of the transaction, the director owned 85,298 shares in the company, valued at approximately $3,923,708. This trade represents a 6.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David H. Sampsell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total transaction of $228,700.00. Following the transaction, the vice president owned 24,740 shares of the company’s stock, valued at approximately $1,131,607.60. This trade represents a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,455 shares of company stock worth $616,357. Corporate insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Piper Sandler increased their target price on shares of Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday. Stephens increased their target price on shares of Digi International from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday. Craig Hallum increased their target price on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Digi International in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.20.

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.