Van Hulzen Asset Management LLC Invests $2.13 Million in Digi International Inc. $DGII

Van Hulzen Asset Management LLC bought a new position in Digi International Inc. (NASDAQ:DGII) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,382 shares of the technology company’s stock, valued at approximately $2,127,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Digi International during the 2nd quarter valued at $445,526,000. Bank of New York Mellon Corp bought a new stake in Digi International in the 2nd quarter worth $16,274,000. GW&K Investment Management LLC bought a new stake in Digi International in the 4th quarter worth $2,410,000. Ameriprise Financial Inc. increased its position in shares of Digi International by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 652,197 shares of the technology company’s stock valued at $22,736,000 after acquiring an additional 46,659 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Digi International in the fourth quarter valued at about $2,000,000. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digi International

In related news, CFO James J. Loch sold 100,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total value of $6,944,000.00. Following the completion of the transaction, the chief financial officer directly owned 167,589 shares in the company, valued at $11,637,380.16. This trade represents a 37.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DGII shares. Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Digi International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Piper Sandler upped their price target on Digi International from $63.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Craig Hallum increased their price objective on Digi International from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Roth Capital set a $90.00 price objective on Digi International and gave the stock a “buy” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.40.

Digi International Price Performance

Shares of DGII stock opened at $73.92 on Tuesday. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 58.67 and a beta of 0.97. The business’s fifty day moving average is $71.99 and its 200 day moving average is $61.23. Digi International Inc. has a twelve month low of $33.40 and a twelve month high of $86.84. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $138.67 million during the quarter, compared to the consensus estimate of $132.57 million. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. Research analysts expect that Digi International Inc. will post 2.31 EPS for the current fiscal year.

About Digi International

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.