18,385 Shares in Digi International Inc. $DGII Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Digi International Inc. (NASDAQ:DGII) in the 2nd quarter, HoldingsChannel reports. The fund purchased 18,385 shares of the technology company’s stock, valued at approximately $1,376,000.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas grew its position in shares of Digi International by 109.3% in the 1st quarter. USA Financial Formulas now owns 946 shares of the technology company’s stock worth $46,000 after buying an additional 494 shares during the last quarter. Lazard Asset Management LLC increased its position 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 worth $58,000 after purchasing an additional 339 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings 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 valued at $123,000 after purchasing an additional 3,169 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Digi International during the 2nd quarter valued at $154,000. Finally, State of Wyoming acquired a new stake in shares of Digi International in the 2nd quarter worth $160,000. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings upgraded Digi International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Piper Sandler boosted their target price on shares of Digi International from $63.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Roth Capital set a $90.00 price target on shares of Digi International and gave the company a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial lifted their price objective on shares of Digi International from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research lowered shares of Digi International from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Digi International has an average rating of “Moderate Buy” and a consensus target price of $82.40.

Digi International Price Performance

NASDAQ:DGII opened at $69.36 on Friday. The firm’s fifty day moving average is $72.81 and its two-hundred day moving average is $62.86. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 55.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13. Digi International Inc. has a one year low of $33.74 and a one year high of $86.84.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $138.67 million during the quarter, compared to analyst estimates of $132.57 million. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. 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 year.

Digi International Company 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.