Legato Capital Management LLC Boosts Holdings in Digi International Inc. $DGII

Legato Capital Management LLC grew its position in shares of Digi International Inc. (NASDAQ:DGII) by 183.1% during the fourth quarter, HoldingsChannel reports. The firm owned 17,436 shares of the technology company’s stock after buying an additional 11,276 shares during the period. Legato Capital Management LLC’s holdings in Digi International were worth $755,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Leuthold Group LLC raised its stake in shares of Digi International by 0.5% during the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after purchasing an additional 264 shares during the period. Lazard Asset Management LLC raised its stake in shares of Digi International by 25.1% during the second quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company’s stock valued at $58,000 after purchasing an additional 339 shares during the period. Amalgamated Bank raised its stake in shares of Digi International by 3.6% during the third quarter. Amalgamated Bank now owns 10,894 shares of the technology company’s stock valued at $397,000 after purchasing an additional 380 shares during the period. Verity Asset Management Inc. raised its stake in shares of Digi International by 7.5% during the fourth quarter. Verity Asset Management Inc. now owns 13,690 shares of the technology company’s stock valued at $593,000 after purchasing an additional 951 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Digi International by 2,215.1% during the third quarter. Bessemer Group Inc. now owns 1,227 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,174 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Stephens lifted their price target on shares of Digi International from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Roth Mkm restated a “buy” rating and issued a $70.00 price target on shares of Digi International in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Digi International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Craig Hallum lifted their price objective on shares of Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.20.

Digi International Stock Performance

Shares of NASDAQ:DGII opened at $66.16 on Tuesday. The company has a market cap of $2.49 billion, a PE ratio of 58.55 and a beta of 0.94. The company’s 50-day moving average price is $55.40 and its 200 day moving average price is $48.15. Digi International Inc. has a fifty-two week low of $30.69 and a fifty-two week high of $69.81. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The business had revenue of $130.74 million during the quarter, compared to the consensus estimate of $125.03 million. Digi International had a net margin of 9.10% and a return on equity of 11.28%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. Digi International has set its Q3 2026 guidance at 0.650-0.680 EPS. Sell-side analysts anticipate that Digi International Inc. will post 2.11 earnings per share for the current year.

Insider Transactions at Digi International

In other Digi International news, VP Terrence G. Schneider sold 14,182 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.61, for a total transaction of $930,481.02. Following the completion of the sale, the vice president directly owned 26,759 shares of the company’s stock, valued at approximately $1,755,657.99. This represents a 34.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David H. Sampsell sold 6,376 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.11, for a total transaction of $415,141.36. Following the sale, the vice president directly owned 18,364 shares of the company’s stock, valued at $1,195,680.04. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is currently owned by corporate insiders.

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.