Lazard Asset Management LLC Purchases 3,049 Shares of Digi International Inc. (NASDAQ:DGII)

Lazard Asset Management LLC grew its position in Digi International Inc. (NASDAQ:DGIIGet Rating) by 70.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,399 shares of the technology company’s stock after purchasing an additional 3,049 shares during the quarter. Lazard Asset Management LLC’s holdings in Digi International were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ulland Investment Advisors LLC boosted its position in shares of Digi International by 15.2% in the first quarter. Ulland Investment Advisors LLC now owns 13,685 shares of the technology company’s stock worth $295,000 after purchasing an additional 1,810 shares during the period. State of Tennessee Treasury Department lifted its holdings in shares of Digi International by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 12,606 shares of the technology company’s stock worth $271,000 after buying an additional 1,910 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Digi International by 57.2% in the first quarter. Campbell & CO Investment Adviser LLC now owns 40,795 shares of the technology company’s stock worth $878,000 after buying an additional 14,847 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Digi International by 2.9% in the first quarter. Rhumbline Advisers now owns 97,635 shares of the technology company’s stock worth $2,101,000 after buying an additional 2,711 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Digi International by 58.5% in the first quarter. MetLife Investment Management LLC now owns 18,052 shares of the technology company’s stock worth $388,000 after buying an additional 6,662 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors.

Digi International Stock Performance

Shares of Digi International stock opened at $41.53 on Monday. Digi International Inc. has a 52 week low of $18.54 and a 52 week high of $42.04. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.46 billion, a P/E ratio of 76.91, a PEG ratio of 1.22 and a beta of 1.25. The company has a 50 day moving average price of $36.62 and a 200 day moving average price of $30.22.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DGII. Canaccord Genuity Group upped their price target on shares of Digi International from $30.00 to $41.00 in a research note on Monday, August 8th. Craig Hallum increased their target price on shares of Digi International to $48.00 in a report on Wednesday, November 16th. StockNews.com initiated coverage on shares of Digi International in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Stephens increased their price target on shares of Digi International from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Finally, Cantor Fitzgerald increased their price target on shares of Digi International from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Digi International has a consensus rating of “Moderate Buy” and an average target price of $47.00.

About Digi International

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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.

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

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