Rhumbline Advisers Has $2.88 Million Holdings in Digi International Inc. $DGII

Rhumbline Advisers decreased its position in shares of Digi International Inc. (NASDAQ:DGII) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,328 shares of the technology company’s stock after selling 2,400 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Digi International worth $2,876,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DGII. Jones Financial Companies Lllp raised its position in shares of Digi International by 9,344.7% during the 1st quarter. Jones Financial Companies Lllp now owns 108,614 shares of the technology company’s stock valued at $3,023,000 after acquiring an additional 107,464 shares during the last quarter. Herald Investment Management Ltd bought a new stake in shares of Digi International during the 1st quarter valued at $2,226,000. Pacer Advisors Inc. raised its position in shares of Digi International by 2,297.0% during the 1st quarter. Pacer Advisors Inc. now owns 238,019 shares of the technology company’s stock valued at $6,624,000 after acquiring an additional 228,089 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Digi International by 2,467.2% during the 1st quarter. GAMMA Investing LLC now owns 28,136 shares of the technology company’s stock valued at $783,000 after acquiring an additional 27,040 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Digi International during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on DGII shares. Stephens restated an “overweight” rating and issued a $50.00 price objective on shares of Digi International in a research report on Tuesday, August 19th. Piper Sandler upped their price objective on shares of Digi International from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Roth Capital restated a “buy” rating on shares of Digi International in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. Finally, B. Riley upped their price objective on shares of Digi International from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.75.

Digi International Stock Performance

NASDAQ DGII opened at $35.92 on Wednesday. The company’s 50 day simple moving average is $33.71 and its two-hundred day simple moving average is $31.58. The stock has a market capitalization of $1.33 billion, a PE ratio of 31.51, a P/E/G ratio of 1.23 and a beta of 0.87. Digi International Inc. has a 1 year low of $22.39 and a 1 year high of $37.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.43 and a quick ratio of 1.03.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $107.51 million for the quarter, compared to analysts’ expectations of $106.23 million. Digi International had a return on equity of 10.96% and a net margin of 10.14%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Analysts predict that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

About Digi International

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.