Captrust Financial Advisors Acquires 1,291 Shares of Digi International Inc. (NASDAQ:DGII)

Captrust Financial Advisors grew its holdings in shares of Digi International Inc. (NASDAQ:DGII) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,629 shares of the technology company’s stock after purchasing an additional 1,291 shares during the quarter. Captrust Financial Advisors owned about 0.06% of Digi International worth $654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of Digi International by 8.8% in the fourth quarter. Ameriprise Financial Inc. now owns 359,893 shares of the technology company’s stock valued at $10,880,000 after acquiring an additional 29,026 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Digi International in the fourth quarter valued at approximately $1,400,000. BNP Paribas Financial Markets boosted its position in shares of Digi International by 16.3% in the fourth quarter. BNP Paribas Financial Markets now owns 28,054 shares of the technology company’s stock valued at $848,000 after acquiring an additional 3,925 shares during the period. MetLife Investment Management LLC boosted its position in shares of Digi International by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 21,655 shares of the technology company’s stock valued at $655,000 after acquiring an additional 1,451 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Digi International by 110.2% in the fourth quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company’s stock valued at $300,000 after acquiring an additional 5,207 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DGII. Stephens restated an “overweight” rating and issued a $45.00 price objective on shares of Digi International in a research report on Thursday, February 6th. Piper Sandler raised their price objective on shares of Digi International from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, StockNews.com downgraded shares of Digi International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th.

Digi International Trading Up 0.1%

Shares of DGII opened at $33.29 on Friday. The firm’s 50 day simple moving average is $28.18 and its 200 day simple moving average is $30.42. The company has a market capitalization of $1.23 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.23 and a beta of 0.82. 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 1-year low of $20.17 and a 1-year high of $37.07.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $104.50 million for the quarter, compared to the consensus estimate of $104.08 million. Digi International had a net margin of 8.45% and a return on equity of 11.16%. Digi International’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

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.