Digi International Inc. (NASDAQ:DGII) Shares Sold by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC trimmed its holdings in shares of Digi International Inc. (NASDAQ:DGII) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,805 shares of the technology company’s stock after selling 2,135 shares during the period. Ulland Investment Advisors LLC’s holdings in Digi International were worth $115,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. SG Americas Securities LLC grew its position in shares of Digi International by 108.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,928 shares of the technology company’s stock valued at $466,000 after buying an additional 8,788 shares during the last quarter. Captrust Financial Advisors boosted its stake in Digi International by 13.5% in the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after acquiring an additional 2,418 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Digi International by 51.8% during the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,235 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Digi International by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock worth $24,074,000 after purchasing an additional 11,239 shares during the period. Finally, Geneva Capital Management LLC lifted its holdings in shares of Digi International by 5.0% in the 3rd quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock worth $45,560,000 after purchasing an additional 79,313 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digi International

In other news, Director Satbir Khanuja sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $31.76, for a total transaction of $222,320.00. Following the completion of the transaction, the director now owns 83,255 shares in the company, valued at approximately $2,644,178.80. This trade represents a 7.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Terrence G. Schneider sold 2,808 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.06, for a total transaction of $92,832.48. Following the completion of the sale, the vice president now owns 39,002 shares in the company, valued at $1,289,406.12. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,329 shares of company stock valued at $332,361. 3.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DGII shares. Piper Sandler upped their price objective on Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. StockNews.com upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Craig Hallum reiterated a “hold” rating and issued a $32.00 price objective (up from $28.00) on shares of Digi International in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Digi International Trading Up 0.1 %

Shares of DGII stock opened at $30.49 on Tuesday. The firm has a market capitalization of $1.12 billion, a PE ratio of 49.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.13 and a current ratio of 1.73. Digi International Inc. has a 1 year low of $20.17 and a 1 year high of $34.82. The stock has a fifty day moving average of $31.44 and a two-hundred day moving average of $29.02.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $105.05 million during the quarter, compared to the consensus estimate of $104.16 million. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. As a group, research analysts expect that Digi International Inc. will post 1.65 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.