Digi International Inc. (NASDAQ:DGII) Stock Holdings Decreased by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC lowered its position in shares of Digi International Inc. (NASDAQ:DGII) by 35.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,805 shares of the technology company’s stock after selling 2,135 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Digi International were worth $115,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Geneva Capital Management LLC boosted its position in Digi International by 5.0% during the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock worth $45,560,000 after acquiring an additional 79,313 shares during the period. Geode Capital Management LLC lifted its position in shares of Digi International by 1.3% in the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock worth $24,074,000 after purchasing an additional 11,239 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Digi International by 108.0% in the third quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock worth $466,000 after purchasing an additional 8,788 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Digi International by 51.8% during the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after purchasing an additional 8,235 shares during the period. Finally, Captrust Financial Advisors grew its position in Digi International by 13.5% during the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,418 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Digi International

In other Digi International news, Director Satbir Khanuja sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $31.76, for a total transaction of $222,320.00. Following the completion of the sale, the director now directly owns 83,255 shares in the company, valued at $2,644,178.80. This represents a 7.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terrence G. Schneider sold 2,808 shares of Digi International stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $33.06, for a total value of $92,832.48. Following the completion of the transaction, the vice president now owns 39,002 shares in the company, valued at $1,289,406.12. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,329 shares of company stock worth $332,361 over the last 90 days. Insiders own 3.30% of the company’s stock.

Digi International Stock Up 0.1 %

DGII stock opened at $30.49 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of 49.98, a PEG ratio of 1.01 and a beta of 1.07. Digi International Inc. has a 1 year low of $20.17 and a 1 year high of $34.82. The company has a fifty day simple moving average of $31.44 and a 200 day simple moving average of $29.02. The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. Digi International had a return on equity of 11.24% and a net margin of 5.31%. The company had revenue of $105.05 million during the quarter, compared to the consensus estimate of $104.16 million. During the same quarter in the prior year, the company posted $0.44 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Digi International Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DGII shares. Craig Hallum reissued a “hold” rating and set a $32.00 target price (up previously from $28.00) on shares of Digi International in a research note on Thursday, November 14th. StockNews.com raised Digi International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Piper Sandler boosted their target price on Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Digi International 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.