Geneva Capital Management LLC Has $45.56 Million Stock Holdings in Digi International Inc. (NASDAQ:DGII)

Geneva Capital Management LLC boosted its position in Digi International Inc. (NASDAQ:DGII - Free Report) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,654,911 shares of the technology company's stock after buying an additional 79,313 shares during the quarter. Geneva Capital Management LLC owned approximately 4.54% of Digi International worth $45,560,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DGII. SG Americas Securities LLC grew its position in shares of Digi International by 92.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company's stock valued at $187,000 after acquiring an additional 3,911 shares during the period. Bank of New York Mellon Corp increased its position in Digi International by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 312,765 shares of the technology company's stock worth $7,172,000 after buying an additional 6,534 shares during the last quarter. Rhumbline Advisers increased its position in Digi International by 6.7% during the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company's stock worth $2,627,000 after buying an additional 7,208 shares during the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Digi International in the first quarter valued at approximately $269,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Digi International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 29,940 shares of the technology company's stock worth $956,000 after acquiring an additional 10,317 shares during the period. Institutional investors own 95.90% of the company's stock.

Digi International Price Performance

Shares of NASDAQ DGII traded up $0.26 during midday trading on Wednesday, reaching $32.88. The company's stock had a trading volume of 206,279 shares, compared to its average volume of 191,405. The business's 50 day moving average price is $28.82 and its two-hundred day moving average price is $26.70. Digi International Inc. has a fifty-two week low of $20.17 and a fifty-two week high of $33.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 2.00. The company has a market cap of $1.20 billion, a P/E ratio of 70.48, a P/E/G ratio of 1.09 and a beta of 1.06.

Analyst Ratings Changes

DGII has been the topic of a number of research analyst reports. Piper Sandler dropped their price target on Digi International from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Craig Hallum decreased their price target on shares of Digi International from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.20.

Digi International Profile

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.