Digi International Inc. $DGII Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lowered its stake in shares of Digi International Inc. (NASDAQ:DGII) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,261 shares of the technology company’s stock after selling 11,406 shares during the quarter. Tudor Investment Corp ET AL owned 0.41% of Digi International worth $5,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Hillsdale Investment Management Inc. boosted its holdings in Digi International by 47.2% in the third quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after purchasing an additional 58,100 shares during the period. Ameriprise Financial Inc. increased its holdings in Digi International by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after purchasing an additional 46,659 shares during the period. SG Americas Securities LLC raised its position in Digi International by 445.3% in the 3rd quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 25,046 shares in the last quarter. Herald Investment Management Ltd raised its position in Digi International by 25.0% in the 3rd quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock valued at $3,646,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of Digi International in the 3rd quarter valued at about $464,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Digi International Stock Performance

NASDAQ DGII opened at $49.60 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $1.87 billion, a PE ratio of 44.29 and a beta of 0.79. Digi International Inc. has a one year low of $22.39 and a one year high of $51.78. The firm’s fifty day moving average is $47.23 and its two-hundred day moving average is $42.36.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Digi International had a net margin of 9.45% and a return on equity of 10.93%. The business had revenue of $122.46 million during the quarter, compared to the consensus estimate of $115.90 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Analysts expect that Digi International Inc. will post 1.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on DGII. Stephens boosted their price objective on Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 2nd. Wall Street Zen upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Piper Sandler increased their price objective on shares of Digi International from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Zacks Research cut shares of Digi International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Digi International in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.80.

Insiders Place Their Bets

In other Digi International news, VP James E. Freeland sold 1,355 shares of Digi International stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $45.84, for a total value of $62,113.20. Following the transaction, the vice president directly owned 19,987 shares in the company, valued at approximately $916,204.08. This trade represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David H. Sampsell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $45.74, for a total value of $228,700.00. Following the completion of the transaction, the vice president directly owned 24,740 shares in the company, valued at approximately $1,131,607.60. The trade was a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,455 shares of company stock valued at $616,357. 3.40% of the stock is owned by company insiders.

Digi International 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.