Digi International Inc. (DGII) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Digi International Inc. (NASDAQ:DGII) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,377 shares of the technology company’s stock after buying an additional 700 shares during the period. Russell Investments Group Ltd. owned about 0.31% of Digi International worth $835,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Digi International in the first quarter worth $106,000. OppenheimerFunds Inc. acquired a new position in Digi International in the first quarter worth $148,000. Arizona State Retirement System boosted its holdings in Digi International by 3.0% in the first quarter. Arizona State Retirement System now owns 13,741 shares of the technology company’s stock worth $164,000 after purchasing an additional 400 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Digi International by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock worth $178,000 after purchasing an additional 880 shares during the period. Finally, US Bancorp DE boosted its holdings in Digi International by 2.8% in the first quarter. US Bancorp DE now owns 28,546 shares of the technology company’s stock worth $340,000 after purchasing an additional 771 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Digi International Inc. (DGII) traded up 0.811% during midday trading on Friday, hitting $9.325. 51,394 shares of the company were exchanged. Digi International Inc. has a one year low of $8.50 and a one year high of $14.15. The firm has a market cap of $247.48 million, a P/E ratio of 28.343 and a beta of 1.45. The company’s 50 day moving average price is $9.30 and its 200 day moving average price is $10.52.

Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, July 27th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $45.67 million. Digi International had a return on equity of 3.17% and a net margin of 4.74%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities analysts expect that Digi International Inc. will post $0.27 EPS for the current year.

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A number of equities analysts have commented on DGII shares. Zacks Investment Research raised shares of Digi International from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Digi International in a report on Friday, July 28th. Sidoti raised shares of Digi International from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. TheStreet downgraded shares of Digi International from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Finally, BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $14.50.

About Digi International

Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.

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

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