Geneva Capital Management LLC Sells 19,761 Shares of Digi International Inc. (NASDAQ:DGII)

Geneva Capital Management LLC trimmed its position in Digi International Inc. (NASDAQ:DGII - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,150 shares of the technology company's stock after selling 19,761 shares during the period. Geneva Capital Management LLC owned approximately 4.43% of Digi International worth $49,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DGII. Geode Capital Management LLC raised its stake in shares of Digi International by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company's stock worth $24,074,000 after buying an additional 11,239 shares in the last quarter. BNP Paribas Financial Markets raised its position in Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company's stock worth $664,000 after acquiring an additional 8,235 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Digi International by 110.2% in the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company's stock valued at $300,000 after acquiring an additional 5,207 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock valued at $560,000 after purchasing an additional 2,418 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

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Digi International Trading Down 3.2 %

Digi International stock traded down $0.93 during midday trading on Monday, reaching $27.98. The stock had a trading volume of 222,679 shares, compared to its average volume of 198,957. Digi International Inc. has a twelve month low of $20.17 and a twelve month high of $37.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.06. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.23 and a beta of 1.02. The firm's fifty day simple moving average is $31.44 and its two-hundred day simple moving average is $30.58.

Digi International (NASDAQ:DGII - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. Equities analysts anticipate that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Analysts Set New Price Targets

DGII has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Digi International from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Stephens reiterated an "overweight" rating and set a $45.00 price objective on shares of Digi International in a research report on Thursday, February 6th. Craig Hallum reissued a "hold" rating and set a $32.00 price objective (up from $28.00) on shares of Digi International in a research note on Thursday, November 14th. Finally, StockNews.com raised Digi International from a "buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.75.

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.