Tudor Investment Corp ET AL Sells 11,406 Shares of Digi International Inc. $DGII

Tudor Investment Corp ET AL reduced its position in shares of Digi International Inc. (NASDAQ:DGII) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,261 shares of the technology company’s stock after selling 11,406 shares during the period. Tudor Investment Corp ET AL owned about 0.41% of Digi International worth $5,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in shares of Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock worth $58,000 after buying an additional 339 shares during the period. Amalgamated Bank grew its position in shares of Digi International by 3.6% during the 3rd quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock worth $397,000 after buying an additional 380 shares during the period. Bessemer Group Inc. grew its position in shares of Digi International by 2,215.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock worth $45,000 after buying an additional 1,174 shares during the period. Russell Investments Group Ltd. grew its position in shares of Digi International by 1,530.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the technology company’s stock worth $123,000 after buying an additional 3,169 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Digi International by 9.9% during the 3rd quarter. California State Teachers Retirement System now owns 37,001 shares of the technology company’s stock worth $1,349,000 after buying an additional 3,343 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on DGII shares. Piper Sandler raised their price objective on shares of Digi International from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Craig Hallum reaffirmed a “buy” rating and set a $50.00 price objective on shares of Digi International in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Digi International in a research report on Monday, March 23rd. Zacks Research raised shares of Digi International from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Stephens raised their price objective on shares of Digi International from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 2nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.80.

Insider Transactions at Digi International

In other news, VP David H. Sampsell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $45.74, for a total transaction of $228,700.00. Following the transaction, the vice president directly owned 24,740 shares of the company’s stock, valued at $1,131,607.60. This represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Satbir Khanuja sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $46.00, for a total value of $276,000.00. Following the transaction, the director directly owned 85,298 shares in the company, valued at $3,923,708. The trade was a 6.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,455 shares of company stock valued at $616,357 over the last ninety days. 3.40% of the stock is owned by company insiders.

Digi International Price Performance

Shares of NASDAQ:DGII opened at $54.16 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. Digi International Inc. has a twelve month low of $22.95 and a twelve month high of $55.60. The stock’s 50 day moving average is $48.64 and its 200-day moving average is $43.39. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 48.36 and a beta of 0.85.

Digi International (NASDAQ:DGII) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Digi International had a return on equity of 10.93% and a net margin of 9.45%.The company had revenue of $122.46 million for the quarter, compared to analyst estimates of $115.90 million. During the same period in the prior year, the firm earned $0.45 earnings per share. Digi International’s revenue for the quarter was up 17.9% on a year-over-year basis. Digi International has set its Q2 2026 guidance at 0.560-0.590 EPS. Sell-side analysts forecast that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Digi International Profile

Digi International Inc is a provider of Internet of Things (IoT) connectivity products and services designed to link devices to networks and applications securely. The company develops a broad range of networking hardware, including cellular and Ethernet routers, gateways, embedded modules and adaptors, as well as accessories and antennas. Digi’s solutions enable businesses to deploy remote monitoring, control and automation systems across diverse industries such as transportation, utilities, healthcare, retail and industrial manufacturing.

In addition to its physical devices, Digi offers cloud-based management software and professional services that simplify device configuration, monitoring and over-the-air updates.