Legal & General Group Plc Invests $6.31 Million in Digi International Inc. $DGII

Legal & General Group Plc acquired a new position in shares of Digi International Inc. (NASDAQ:DGII) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 84,176 shares of the technology company’s stock, valued at approximately $6,309,000. Legal & General Group Plc owned 0.22% of Digi International at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DGII. BlackRock Inc. acquired a new position in Digi International in the second quarter valued at about $445,526,000. Ameriprise Financial Inc. grew its stake in Digi International by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock worth $22,736,000 after buying an additional 46,659 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Digi International in the 2nd quarter valued at about $16,274,000. Hillsdale Investment Management Inc. increased its holdings in Digi International by 3.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 199,635 shares of the technology company’s stock valued at $9,622,000 after buying an additional 6,480 shares during the period. Finally, Leuthold Group LLC lifted its holdings in shares of Digi International by 0.5% during the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock worth $2,456,000 after acquiring an additional 264 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Digi International Trading Down 2.1%

Shares of DGII stock opened at $69.61 on Thursday. Digi International Inc. has a 1-year low of $33.40 and a 1-year high of $86.84. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 55.25 and a beta of 0.97. The stock has a 50-day moving average of $72.81 and a 200-day moving average of $62.66.

Digi International (NASDAQ:DGII) last released its earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Digi International had a net margin of 9.63% and a return on equity of 12.16%. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $132.57 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. On average, equities research analysts forecast that Digi International Inc. will post 2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

DGII has been the topic of several analyst reports. Craig Hallum increased their price target on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Roth Capital set a $90.00 target price on Digi International and gave the stock a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial lifted their price target on Digi International from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Stephens boosted their price target on Digi International from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Piper Sandler upped their price objective on Digi International from $63.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.40.

About Digi International

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.