Tudor Investment Corp ET AL Lowers Position in Digi International Inc. $DGII

Tudor Investment Corp ET AL reduced its stake in Digi International Inc. (NASDAQ:DGII) by 7.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 152,261 shares of the technology company’s stock after selling 11,406 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Digi International were worth $5,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its position in Digi International by 445.3% in the 3rd quarter. SG Americas Securities LLC now owns 30,670 shares of the technology company’s stock valued at $1,118,000 after buying an additional 25,046 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Digi International by 47.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 181,255 shares of the technology company’s stock valued at $6,609,000 after buying an additional 58,100 shares during the last quarter. Herald Investment Management Ltd raised its position in Digi International by 25.0% in the 3rd quarter. Herald Investment Management Ltd now owns 100,000 shares of the technology company’s stock valued at $3,646,000 after buying an additional 20,000 shares during the last quarter. Millennium Management LLC purchased a new stake in Digi International in the 3rd quarter valued at $292,000. Finally, Brooklyn Investment Group raised its position in Digi International by 3,880.3% in the 3rd quarter. Brooklyn Investment Group now owns 5,652 shares of the technology company’s stock valued at $206,000 after buying an additional 5,510 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Digi International Trading Up 3.7%

Shares of Digi International stock opened at $54.16 on Thursday. Digi International Inc. has a 1 year low of $22.95 and a 1 year high of $55.60. The firm has a market cap of $2.04 billion, a PE ratio of 48.36 and a beta of 0.85. The stock has a fifty day moving average price of $48.64 and a 200-day moving average price of $43.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 0.90.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The firm had revenue of $122.46 million during the quarter, compared to analyst estimates of $115.90 million. During the same period last year, the firm posted $0.45 EPS. The business’s revenue was up 17.9% compared to the same quarter last year. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Equities research analysts anticipate that Digi International Inc. will post 1.68 EPS for the current year.

Analyst Ratings Changes

DGII has been the subject of a number of analyst reports. Wall Street Zen raised Digi International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Digi International in a research report on Monday, March 23rd. Craig Hallum restated a “buy” rating and issued a $50.00 price objective on shares of Digi International in a research note on Thursday, February 5th. Stephens raised their target price on Digi International from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 2nd. Finally, Zacks Research raised Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Digi International presently has an average rating of “Moderate Buy” and a consensus price target of $49.80.

Insider Activity

In other news, VP James E. Freeland sold 1,355 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.84, for a total transaction of $62,113.20. Following the completion of the sale, the vice president directly owned 19,987 shares of the company’s stock, valued at $916,204.08. This trade represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David H. Sampsell sold 5,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total value of $228,700.00. Following the transaction, the vice president owned 24,740 shares of the company’s stock, valued at $1,131,607.60. The trade was a 16.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,455 shares of company stock valued at $616,357 in the last ninety days. 3.40% of the stock is currently owned by insiders.

Digi International Profile

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.