Digi International Inc. (NASDAQ:DGII) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in shares of Digi International Inc. (NASDAQ:DGII) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,500 shares of the technology company’s stock after selling 1,500 shares during the quarter. Gabelli Funds LLC owned about 0.06% of Digi International worth $680,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in shares of Digi International by 868.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,143 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,025 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Digi International during the 4th quarter worth about $196,000. Pacer Advisors Inc. lifted its stake in shares of Digi International by 110.2% in the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company’s stock worth $300,000 after acquiring an additional 5,207 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Digi International in the fourth quarter valued at approximately $1,400,000. Finally, Geode Capital Management LLC increased its stake in shares of Digi International by 1.3% during the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock valued at $24,074,000 after acquiring an additional 11,239 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on DGII shares. StockNews.com raised Digi International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Piper Sandler decreased their target price on Digi International from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of Digi International in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.25.

Digi International Trading Down 0.6 %

Shares of NASDAQ DGII opened at $26.30 on Friday. The business has a fifty day simple moving average of $29.11 and a 200-day simple moving average of $30.47. The company has a market cap of $970.44 million, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.23 and a beta of 0.88. Digi International Inc. has a 12 month low of $20.17 and a 12 month high of $37.07. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. Sell-side analysts predict that Digi International Inc. will post 1.68 EPS for the current year.

Digi International Company Profile

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