New Age Alpha Advisors LLC Acquires New Position in Digi International Inc. (NASDAQ:DGII)

New Age Alpha Advisors LLC acquired a new stake in Digi International Inc. (NASDAQ:DGII) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 46,309 shares of the technology company’s stock, valued at approximately $1,400,000.

Other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Digi International in the fourth quarter valued at approximately $196,000. Pacer Advisors Inc. raised its holdings in shares of Digi International by 110.2% during the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company’s stock worth $300,000 after acquiring an additional 5,207 shares during the period. Captrust Financial Advisors raised its holdings in shares of Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after acquiring an additional 2,418 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Digi International by 51.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after acquiring an additional 8,235 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 valued at $24,074,000 after purchasing an additional 11,239 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Digi International Trading Down 2.3 %

NASDAQ DGII opened at $28.49 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.06. The stock has a market capitalization of $1.05 billion, a P/E ratio of 29.68, a PEG ratio of 1.23 and a beta of 1.02. The firm’s 50-day moving average is $31.28 and its two-hundred day moving average is $30.67. Digi International Inc. has a 12 month low of $20.17 and a 12 month high of $37.07.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. On average, sell-side analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of Digi International in a research note on Thursday, February 6th. StockNews.com upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.