Digi International Inc. $DGII Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in Digi International Inc. (NASDAQ:DGII) by 6.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 193,155 shares of the technology company’s stock after purchasing an additional 11,900 shares during the period. Hillsdale Investment Management Inc. owned about 0.51% of Digi International worth $8,362,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DGII. Ameriprise Financial Inc. grew its holdings in Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after purchasing an additional 46,659 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Digi International by 25.1% in the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after purchasing an additional 339 shares during the last quarter. Strs Ohio grew its holdings in Digi International by 1,600.0% in the third quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock valued at $248,000 after purchasing an additional 6,400 shares during the last quarter. Bessemer Group Inc. grew its holdings in Digi International by 2,215.1% in the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,174 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Digi International in the third quarter valued at $153,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DGII. Zacks Research upgraded Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Piper Sandler upped their price objective on Digi International from $46.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Roth Mkm restated a “buy” rating and issued a $70.00 price objective on shares of Digi International in a research report on Thursday, May 7th. Stephens upped their price objective on Digi International from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.20.

Digi International Stock Performance

Digi International stock opened at $66.75 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 59.07 and a beta of 0.94. The stock has a fifty day moving average price of $56.82 and a 200 day moving average price of $48.96. Digi International Inc. has a 52 week low of $30.69 and a 52 week high of $69.81. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, May 6th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $130.74 million during the quarter, compared to analyst estimates of $125.03 million. Digi International had a return on equity of 11.28% and a net margin of 9.10%.The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Equities research analysts anticipate that Digi International Inc. will post 2.11 earnings per share for the current year.

Insider Activity at Digi International

In related news, VP Terrence G. Schneider sold 14,182 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $65.61, for a total value of $930,481.02. Following the completion of the transaction, the vice president directly owned 26,759 shares in the company, valued at approximately $1,755,657.99. This represents a 34.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James E. Freeland sold 450 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $68.00, for a total value of $30,600.00. Following the completion of the transaction, the vice president owned 19,219 shares of the company’s stock, valued at $1,306,892. The trade was a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,008 shares of company stock worth $1,376,222. 3.40% of the stock is currently owned by 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.