New Age Alpha Advisors LLC Makes New $1.40 Million Investment in Digi International Inc. (NASDAQ:DGII)

New Age Alpha Advisors LLC bought a new position in Digi International Inc. (NASDAQ:DGII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,309 shares of the technology company's stock, valued at approximately $1,400,000. New Age Alpha Advisors LLC owned about 0.13% of Digi International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company's stock valued at $664,000 after purchasing an additional 8,235 shares during the period. Captrust Financial Advisors boosted its position in Digi International by 13.5% in the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock valued at $560,000 after buying an additional 2,418 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 during the period. Pacer Advisors Inc. increased 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 worth $300,000 after buying an additional 5,207 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Digi International during the 4th quarter worth approximately $196,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

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Wall Street Analysts Forecast Growth

DGII has been the topic of a number of research reports. Stephens reiterated an "overweight" rating and issued a $45.00 price objective on shares of Digi International in a research note on Thursday, February 6th. StockNews.com upgraded Digi International from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digi International presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Digi International Stock Performance

NASDAQ DGII traded up $0.03 during mid-day trading on Wednesday, reaching $27.75. 137,752 shares of the stock were exchanged, compared to its average volume of 209,680. The company has a market capitalization of $1.02 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.23 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.61. The business's 50 day moving average is $31.14 and its 200-day moving average is $30.69. Digi International Inc. has a 1 year low of $20.17 and a 1 year high of $37.07.

Digi International (NASDAQ:DGII - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share (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%. On average, equities research analysts forecast that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Digi International Company 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.