The Manufacturers Life Insurance Company reduced its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,546 shares of the technology company’s stock after selling 837 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of DigitalGlobe worth $1,583,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in DigitalGlobe by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,697 shares of the technology company’s stock worth $256,000 after acquiring an additional 110 shares in the last quarter. Prudential Financial Inc. raised its stake in DigitalGlobe by 3.9% during the 2nd quarter. Prudential Financial Inc. now owns 7,167 shares of the technology company’s stock worth $239,000 after acquiring an additional 270 shares in the last quarter. Eqis Capital Management Inc. raised its stake in DigitalGlobe by 6.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock worth $349,000 after acquiring an additional 649 shares in the last quarter. Alpha Windward LLC raised its stake in DigitalGlobe by 4.8% during the 2nd quarter. Alpha Windward LLC now owns 14,400 shares of the technology company’s stock worth $480,000 after acquiring an additional 660 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in DigitalGlobe by 2.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 36,996 shares of the technology company’s stock worth $1,232,000 after acquiring an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/08/digitalglobe-inc-dgi-shares-sold-by-the-manufacturers-life-insurance-company.html.

Several equities research analysts recently commented on DGI shares. BidaskClub lowered shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Piper Jaffray Companies lowered shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $34.00 in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. DigitalGlobe has a consensus rating of “Hold” and an average target price of $36.38.

The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2,141.43, a P/E ratio of 88.21 and a beta of 1.22.

DigitalGlobe Profile

DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.

Want to see what other hedge funds are holding DGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalGlobe, Inc (NYSE:DGI).

Institutional Ownership by Quarter for DigitalGlobe (NYSE:DGI)

Receive News & Stock Ratings for DigitalGlobe Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalGlobe Inc and related stocks with our FREE daily email newsletter.