Digi International Inc. (NASDAQ:DGII – Get Free Report) VP Terrence G. Schneider sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $33.47, for a total transaction of $418,375.00. Following the completion of the transaction, the vice president now owns 332,587 shares in the company, valued at $11,131,686.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Digi International Trading Down 1.4 %
Shares of DGII traded down $0.47 during midday trading on Tuesday, hitting $32.67. 259,575 shares of the stock were exchanged, compared to its average volume of 281,539. Digi International Inc. has a 52-week low of $28.67 and a 52-week high of $43.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.88. The stock has a fifty day simple moving average of $36.49 and a 200 day simple moving average of $34.77. The firm has a market cap of $1.18 billion, a P/E ratio of 40.91, a P/E/G ratio of 1.15 and a beta of 1.28.
Digi International (NASDAQ:DGII – Get Free Report) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $112.24 million during the quarter, compared to analysts’ expectations of $108.75 million. Digi International had a return on equity of 12.11% and a net margin of 6.76%. On average, research analysts anticipate that Digi International Inc. will post 1.69 EPS for the current fiscal year.
Institutional Investors Weigh In On Digi International
Several large investors have recently added to or reduced their stakes in the business. Dorsey Wright & Associates purchased a new stake in shares of Digi International during the fourth quarter worth $42,000. Fort Washington Investment Advisors Inc. OH increased its holdings in Digi International by 32.8% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 391,897 shares of the technology company’s stock worth $13,199,000 after purchasing an additional 96,738 shares during the period. Wellington Shields & Co. LLC raised its position in Digi International by 6.1% in the 1st quarter. Wellington Shields & Co. LLC now owns 15,888 shares of the technology company’s stock valued at $535,000 after purchasing an additional 910 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Digi International by 3.5% in the 1st quarter. Arizona State Retirement System now owns 10,302 shares of the technology company’s stock valued at $347,000 after buying an additional 344 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Digi International by 132.9% during the first quarter. SG Americas Securities LLC now owns 40,061 shares of the technology company’s stock worth $1,349,000 after buying an additional 22,860 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DGII has been the topic of a number of recent analyst reports. Westpark Capital began coverage on Digi International in a report on Thursday, May 18th. They issued a “buy” rating on the stock. StockNews.com initiated coverage on Digi International in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.00.
Get Our Latest Research Report on DGII
About Digi International
(Get Free Report)
Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States 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.
Receive News & Ratings for Digi International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Digi International and related companies with MarketBeat.com’s FREE daily email newsletter.