Van Hulzen Asset Management LLC Invests $2.13 Million in Digi International Inc. $DGII

Van Hulzen Asset Management LLC acquired a new position in Digi International Inc. (NASDAQ:DGII) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,382 shares of the technology company’s stock, valued at approximately $2,127,000. Van Hulzen Asset Management LLC owned approximately 0.07% of Digi International as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. USA Financial Formulas grew its position in Digi International by 109.3% during the first quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock worth $46,000 after buying an additional 494 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Digi International by 25.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 339 shares in the last quarter. Russell Investments Group Ltd. raised 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 acquiring an additional 3,169 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Digi International during the 2nd quarter valued at about $154,000. Finally, State of Wyoming purchased a new position in shares of Digi International during the second quarter worth about $160,000. Institutional investors own 95.90% of the company’s stock.

Digi International Trading Down 1.3%

Shares of DGII opened at $73.92 on Tuesday. Digi International Inc. has a fifty-two week low of $33.40 and a fifty-two week high of $86.84. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 58.67 and a beta of 0.97. The firm has a 50 day moving average price of $71.99 and a 200-day moving average price of $61.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, August 5th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $138.67 million for the quarter, compared to analyst estimates of $132.57 million. Digi International had a net margin of 9.63% and a return on equity of 12.16%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. As a group, equities research analysts forecast that Digi International Inc. will post 2.31 earnings per share for the current year.

Insider Activity

In other news, CFO James J. Loch sold 100,000 shares of Digi International stock in a transaction dated 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 transaction, the chief financial officer owned 167,589 shares in the company, valued at approximately $11,637,380.16. The trade was a 37.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DGII. Zacks Research downgraded shares of Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Stephens boosted their price target on shares of Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Digi International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Piper Sandler raised their price objective on shares of Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Roth Capital set a $90.00 price objective on shares of Digi International and gave the company a “buy” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Digi International has an average rating of “Moderate Buy” and a consensus price target of $82.40.

About Digi International

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.