SG Americas Securities LLC Raises Stake in Digi International Inc. $DGII

SG Americas Securities LLC increased its holdings in Digi International Inc. (NASDAQ:DGII) by 84.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,149 shares of the technology company’s stock after buying an additional 21,584 shares during the period. SG Americas Securities LLC’s holdings in Digi International were worth $2,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in shares of Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after acquiring an additional 46,659 shares during the period. Lazard Asset Management LLC raised its stake in shares of Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after buying an additional 339 shares during the last quarter. Teton Advisors LLC acquired a new position in shares of Digi International in the 3rd quarter valued at about $292,000. Russell Investments Group Ltd. lifted its holdings in shares of Digi International by 1,530.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock valued at $123,000 after buying an additional 3,169 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Digi International by 48.7% in the third quarter. BNP Paribas Financial Markets now owns 14,018 shares of the technology company’s stock worth $511,000 after buying an additional 4,594 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on DGII shares. Roth Mkm reiterated a “buy” rating and set a $70.00 price target on shares of Digi International in a research report on Thursday, May 7th. Stephens boosted their target price on shares of Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings lowered Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Piper Sandler increased their price target on Digi International from $46.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

Insider Transactions at Digi International

In related news, CFO James J. Loch sold 100,000 shares of Digi International stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the transaction, the chief financial officer directly owned 167,589 shares in the company, valued at approximately $11,637,380.16. This trade represents a 37.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David H. Sampsell sold 6,376 shares of Digi International stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total value of $415,141.36. Following the completion of the transaction, the vice president owned 18,364 shares of the company’s stock, valued at $1,195,680.04. The trade was a 25.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 121,008 shares of company stock valued at $8,320,222. Insiders own 3.40% of the company’s stock.

Digi International Price Performance

Digi International stock opened at $74.12 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $64.95 and a 200 day moving average price of $53.51. Digi International Inc. has a 12-month low of $30.69 and a 12-month high of $76.41. The stock has a market cap of $2.79 billion, a P/E ratio of 65.59 and a beta of 0.96.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $130.74 million for the quarter, compared to the consensus estimate of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Sell-side analysts anticipate that Digi International Inc. will post 2.11 earnings per share for the current year.

Digi International Company 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.