Dorsey & Whitney Trust CO LLC Has $1.42 Million Holdings in Digi International Inc. (NASDAQ:DGII)

Dorsey & Whitney Trust CO LLC cut its stake in Digi International Inc. (NASDAQ:DGIIFree Report) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 52,496 shares of the technology company’s stock after selling 1,188 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Digi International were worth $1,417,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Navellier & Associates Inc. grew its position in shares of Digi International by 2.9% in the second quarter. Navellier & Associates Inc. now owns 14,488 shares of the technology company’s stock valued at $571,000 after purchasing an additional 408 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Digi International by 7.4% in the fourth quarter. Lazard Asset Management LLC now owns 7,943 shares of the technology company’s stock valued at $290,000 after purchasing an additional 544 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Digi International by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 11,412 shares of the technology company’s stock valued at $449,000 after purchasing an additional 615 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Digi International by 76.8% in the third quarter. Quantbot Technologies LP now owns 1,752 shares of the technology company’s stock valued at $47,000 after purchasing an additional 761 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Digi International by 13.3% in the first quarter. US Bancorp DE now owns 12,666 shares of the technology company’s stock valued at $272,000 after purchasing an additional 1,491 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Digi International Price Performance

Digi International stock opened at $28.85 on Monday. Digi International Inc. has a 52 week low of $21.25 and a 52 week high of $42.95. The business has a 50-day simple moving average of $24.87 and a 200 day simple moving average of $27.82. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 67.09, a PEG ratio of 0.96 and a beta of 1.18.

Digi International (NASDAQ:DGIIGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Digi International had a return on equity of 11.87% and a net margin of 3.61%. The firm had revenue of $112.16 million during the quarter, compared to analysts’ expectations of $110.63 million. On average, research analysts forecast that Digi International Inc. will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler reduced their price target on Digi International from $50.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. B. Riley initiated coverage on Digi International in a research report on Wednesday, November 15th. They set a “buy” rating and a $34.00 target price for the company. Stephens restated an “overweight” rating and set a $40.00 target price on shares of Digi International in a research report on Wednesday, December 13th. Finally, TheStreet cut Digi International from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Digi International currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Check Out Our Latest Research Report on Digi International

Digi International Company Profile

(Free Report)

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.

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

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