Ulland Investment Advisors LLC Has $164,000 Stock Holdings in Digi International Inc. (NASDAQ:DGII)

Ulland Investment Advisors LLC trimmed its position in Digi International Inc. (NASDAQ:DGII) by 63.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,940 shares of the technology company’s stock after selling 10,391 shares during the period. Ulland Investment Advisors LLC’s holdings in Digi International were worth $164,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Digi International by 687.7% in the first quarter. GAMMA Investing LLC now owns 961 shares of the technology company’s stock valued at $31,000 after acquiring an additional 839 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Digi International in the 1st quarter valued at about $78,000. Central Pacific Bank Trust Division acquired a new stake in shares of Digi International during the 1st quarter worth approximately $139,000. SG Americas Securities LLC raised its stake in shares of Digi International by 92.5% during the second quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock worth $187,000 after buying an additional 3,911 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new position in Digi International in the first quarter valued at approximately $269,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on DGII. Piper Sandler lowered their target price on shares of Digi International from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Craig Hallum decreased their price objective on Digi International from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.20.

Digi International Trading Up 1.2 %

Shares of DGII traded up $0.34 during trading hours on Tuesday, reaching $29.75. The stock had a trading volume of 14,488 shares, compared to its average volume of 195,592. The company has a market cap of $1.08 billion, a P/E ratio of 77.82, a P/E/G ratio of 0.98 and a beta of 1.07. Digi International Inc. has a 52 week low of $20.17 and a 52 week high of $32.90. The company has a quick ratio of 1.31, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $27.88 and a 200 day moving average of $26.75.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Digi International had a return on equity of 11.32% and a net margin of 3.94%. The company had revenue of $105.20 million during the quarter, compared to the consensus estimate of $105.60 million. During the same period in the prior year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Digi International Inc. will post 1.67 earnings per share for the current fiscal year.

About Digi International

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.