46,309 Shares in Digi International Inc. (NASDAQ:DGII) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Digi International Inc. (NASDAQ:DGII - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 46,309 shares of the technology company's stock, valued at approximately $1,400,000. New Age Alpha Advisors LLC owned 0.13% of Digi International as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DGII. KLP Kapitalforvaltning AS purchased a new stake in shares of Digi International during the fourth quarter worth $196,000. Pacer Advisors Inc. grew its stake in Digi International by 110.2% during the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company's stock worth $300,000 after purchasing an additional 5,207 shares in the last quarter. Captrust Financial Advisors increased its holdings in Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company's stock worth $560,000 after purchasing an additional 2,418 shares during the period. BNP Paribas Financial Markets raised its position in Digi International by 51.8% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $24,074,000 after buying an additional 11,239 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Digi International Stock Down 4.1 %

Shares of DGII traded down $1.03 during mid-day trading on Friday, reaching $24.12. The company's stock had a trading volume of 311,047 shares, compared to its average volume of 210,404. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.06. Digi International Inc. has a 12-month low of $20.17 and a 12-month high of $37.07. The stock has a market cap of $890.00 million, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The company's 50 day moving average is $30.73 and its 200 day moving average is $30.61.

Digi International (NASDAQ:DGII - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Digi International had a net margin of 8.45% and a return on equity of 11.16%. 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 recent research reports. StockNews.com upgraded shares of Digi International from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Digi International in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Digi International currently 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.