39,250 Shares in Digi International Inc. $DGII Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new position in Digi International Inc. (NASDAQ:DGII) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,250 shares of the technology company’s stock, valued at approximately $2,942,000.

A number of other hedge funds have also recently added to or reduced their stakes in DGII. Leuthold Group LLC increased its holdings in shares of Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after acquiring an additional 264 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock valued at $158,000 after purchasing an additional 273 shares in the last quarter. Brooklyn Investment Group increased its stake in Digi International by 5.9% during the 4th quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after purchasing an additional 331 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after buying an additional 339 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Digi International by 17.0% during the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock worth $193,000 after buying an additional 374 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DGII shares. Piper Sandler lifted their price objective on shares of Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. B. Riley Financial upped their target price on shares of Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Craig Hallum raised their price target on shares of Digi International from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Stephens lifted their price target on Digi International from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded Digi International from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.40.

Digi International Price Performance

DGII opened at $76.08 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 0.78. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 60.38 and a beta of 0.97. The firm’s fifty day moving average price is $72.30 and its two-hundred day moving average price is $61.66. Digi International Inc. has a 1 year low of $33.40 and a 1 year high of $86.84.

Digi International (NASDAQ:DGII) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $138.67 million during the quarter, compared to analyst estimates of $132.57 million. Digi International had a net margin of 9.63% and a return on equity of 12.16%. The business’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. As a group, analysts anticipate that Digi International Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Digi International

In other Digi International news, CFO James J. Loch sold 100,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the sale, the chief financial officer directly owned 167,589 shares of the company’s stock, valued at approximately $11,637,380.16. This represents a 37.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

Digi International Company 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.