Teachers Advisors LLC Buys 1,464 Shares of Digi International Inc. (DGII)
Teachers Advisors LLC lifted its stake in Digi International Inc. (NASDAQ:DGII) by 3.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,937 shares of the technology company’s stock after buying an additional 1,464 shares during the quarter. Teachers Advisors LLC owned approximately 0.16% of Digi International worth $436,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its stake in shares of Digi International by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock worth $178,000 after buying an additional 880 shares during the last quarter. SG Americas Securities LLC purchased a new position in Digi International during the first quarter worth approximately $106,000. OppenheimerFunds Inc. purchased a new position in Digi International during the first quarter worth approximately $148,000. Rhumbline Advisers boosted its position in Digi International by 2.0% during the second quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock worth $553,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Digi International by 0.9% during the second quarter. Russell Investments Group Ltd. now owns 82,377 shares of the technology company’s stock worth $835,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.
Several equities analysts have recently weighed in on DGII shares. Zacks Investment Research downgraded Digi International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet upgraded Digi International from a “c+” rating to a “b” rating in a research report on Friday, October 27th. BidaskClub downgraded Digi International from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Sidoti downgraded Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Monday, October 16th. Finally, Canaccord Genuity restated a “buy” rating on shares of Digi International in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Digi International presently has an average rating of “Hold” and an average price target of $14.00.
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Shares of Digi International Inc. (NASDAQ DGII) opened at $10.00 on Monday. Digi International Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $14.15. The company has a market capitalization of $265.40, a P/E ratio of 27.03 and a beta of 1.45.
Digi International (NASDAQ:DGII) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. Digi International had a return on equity of 3.24% and a net margin of 5.16%. The firm had revenue of $45.10 million during the quarter, compared to analysts’ expectations of $45.66 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. research analysts predict that Digi International Inc. will post 0.25 earnings per share for the current fiscal year.
Digi International Company Profile
Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.
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