Geode Capital Management LLC raised its position in shares of Digi International Inc. (NASDAQ:DGII) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,705 shares of the technology company’s stock after buying an additional 6,068 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Digi International worth $2,531,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Teton Advisors Inc. increased its stake in Digi International by 28.3% in the first quarter. Teton Advisors Inc. now owns 84,801 shares of the technology company’s stock worth $1,009,000 after buying an additional 18,700 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Digi International by 3.0% in the first quarter. Gamco Investors INC. ET AL now owns 44,390 shares of the technology company’s stock worth $528,000 after buying an additional 1,300 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Digi International by 6.3% in the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock worth $178,000 after buying an additional 880 shares during the last quarter. Gabelli Funds LLC increased its stake in Digi International by 13.2% in the first quarter. Gabelli Funds LLC now owns 171,342 shares of the technology company’s stock worth $2,039,000 after buying an additional 20,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Digi International by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 478,009 shares of the technology company’s stock worth $5,689,000 after buying an additional 3,433 shares during the last quarter. Institutional investors own 76.88% of the company’s stock.

Digi International Inc. (DGII) traded down 1.359% during trading on Friday, hitting $9.075. 7,997 shares of the company were exchanged. The company has a 50-day moving average of $9.65 and a 200-day moving average of $10.87. Digi International Inc. has a 12 month low of $8.50 and a 12 month high of $14.15. The company has a market capitalization of $240.84 million, a price-to-earnings ratio of 27.584 and a beta of 1.45.

Digi International (NASDAQ:DGII) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $45.70 million for the quarter, compared to the consensus estimate of $45.67 million. Digi International had a net margin of 4.74% and a return on equity of 3.17%. Digi International’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. Analysts forecast that Digi International Inc. will post $0.27 EPS for the current year.

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DGII has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Digi International from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, August 1st. Sidoti upgraded shares of Digi International from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. BidaskClub downgraded shares of Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective on shares of Digi International in a report on Friday, July 28th. Finally, TheStreet downgraded shares of Digi International from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Digi International has a consensus rating of “Buy” and an average price target of $14.50.

About Digi International

Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.

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Institutional Ownership by Quarter for Digi International (NASDAQ:DGII)

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