DigitalGlobe, Inc (DGI) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in DigitalGlobe, Inc (NYSE:DGI) by 152.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,104 shares of the technology company’s stock after buying an additional 35,077 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.09% of DigitalGlobe worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of DigitalGlobe by 441.5% during the 1st quarter. Bank of America Corp DE now owns 323,294 shares of the technology company’s stock valued at $10,588,000 after purchasing an additional 263,589 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of DigitalGlobe by 21.0% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 156,400 shares of the technology company’s stock valued at $5,208,000 after purchasing an additional 27,100 shares in the last quarter. BlackRock Inc. grew its position in shares of DigitalGlobe by 13,624.9% during the 1st quarter. BlackRock Inc. now owns 5,158,901 shares of the technology company’s stock valued at $168,955,000 after purchasing an additional 5,121,313 shares in the last quarter. CNH Partners LLC grew its position in shares of DigitalGlobe by 43.9% during the 2nd quarter. CNH Partners LLC now owns 1,800,665 shares of the technology company’s stock valued at $59,962,000 after purchasing an additional 549,679 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its position in shares of DigitalGlobe by 52.2% during the 2nd quarter. IndexIQ Advisors LLC now owns 54,322 shares of the technology company’s stock valued at $1,809,000 after purchasing an additional 18,622 shares in the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

A number of research analysts have recently commented on DGI shares. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $34.00 in a research report on Friday, July 21st. BidaskClub lowered shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.90.

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DigitalGlobe (NYSE:DGI) last posted its earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The company had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $209.13 million. During the same period last year, the company posted $0.17 earnings per share. DigitalGlobe’s quarterly revenue was up 28.6% on a year-over-year basis.

DigitalGlobe Profile

DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.

Institutional Ownership by Quarter for DigitalGlobe (NYSE:DGI)

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