SG Americas Securities LLC Reduces Stock Position in Digi International Inc. (NASDAQ:DGII)

SG Americas Securities LLC lowered its stake in shares of Digi International Inc. (NASDAQ:DGIIGet Rating) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,170 shares of the technology company’s stock after selling 8,395 shares during the period. SG Americas Securities LLC owned 0.11% of Digi International worth $864,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH raised its position in shares of Digi International by 8.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 553,055 shares of the technology company’s stock worth $13,589,000 after buying an additional 42,508 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of Digi International by 35.0% in the fourth quarter. Wasatch Advisors Inc. now owns 493,117 shares of the technology company’s stock worth $12,116,000 after buying an additional 127,725 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of Digi International by 41.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 175,131 shares of the technology company’s stock worth $4,303,000 after buying an additional 50,906 shares in the last quarter. Rhumbline Advisers raised its position in shares of Digi International by 0.8% in the fourth quarter. Rhumbline Advisers now owns 94,924 shares of the technology company’s stock worth $2,332,000 after buying an additional 768 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Digi International by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 58,723 shares of the technology company’s stock worth $1,443,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Digi International Stock Down 0.6 %

DGII opened at $28.49 on Monday. The stock has a market cap of $999.57 million, a PE ratio of 86.34, a P/E/G ratio of 1.20 and a beta of 1.39. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 0.54. Digi International Inc. has a 52 week low of $18.54 and a 52 week high of $28.97. The business’s fifty day simple moving average is $24.25 and its 200 day simple moving average is $21.91.

Digi International (NASDAQ:DGIIGet Rating) last released its earnings results on Wednesday, May 4th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Digi International had a return on equity of 4.56% and a net margin of 3.49%. The business had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $89.43 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis. As a group, research analysts expect that Digi International Inc. will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Stephens started coverage on Digi International in a research report on Wednesday, June 1st. They issued an “overweight” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Digi International presently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Insider Activity

In other news, VP Tracy L. Roberts sold 11,250 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $25.46, for a total transaction of $286,425.00. Following the transaction, the vice president now directly owns 53,957 shares of the company’s stock, valued at $1,373,745.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Tracy L. Roberts sold 11,250 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $25.46, for a total transaction of $286,425.00. Following the transaction, the vice president now directly owns 53,957 shares of the company’s stock, valued at $1,373,745.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terrence G. Schneider sold 12,631 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $21.64, for a total transaction of $273,334.84. Following the sale, the vice president now owns 30,314 shares of the company’s stock, valued at $655,994.96. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Digi International Profile

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Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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.

See Also

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Institutional Ownership by Quarter for Digi International (NASDAQ:DGII)

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