Terrence G. Schneider Sells 2,808 Shares of Digi International Inc. (NASDAQ:DGII) Stock

Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 2,808 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.06, for a total transaction of $92,832.48. Following the sale, the vice president now directly owns 39,002 shares of the company’s stock, valued at $1,289,406.12. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Digi International Stock Performance

Shares of DGII opened at $33.22 on Friday. Digi International Inc. has a 1 year low of $20.17 and a 1 year high of $34.44. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.13 and a current ratio of 1.73. The firm has a fifty day moving average of $30.27 and a 200-day moving average of $27.12.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The company had revenue of $105.05 million during the quarter, compared to the consensus estimate of $104.16 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current year.

Institutional Investors Weigh In On Digi International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geneva Capital Management LLC raised its stake in shares of Digi International by 5.0% during the third quarter. Geneva Capital Management LLC now owns 1,654,911 shares of the technology company’s stock valued at $45,560,000 after purchasing an additional 79,313 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Digi International by 1.3% during the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock valued at $24,074,000 after purchasing an additional 11,239 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Digi International by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 312,765 shares of the technology company’s stock valued at $7,172,000 after purchasing an additional 6,534 shares in the last quarter. Rhumbline Advisers raised its position in Digi International by 6.7% in the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company’s stock worth $2,627,000 after acquiring an additional 7,208 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Digi International by 216.7% in the second quarter. Harbor Capital Advisors Inc. now owns 91,197 shares of the technology company’s stock worth $2,091,000 after acquiring an additional 62,402 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DGII has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Digi International from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Craig Hallum reaffirmed a “hold” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Digi International has an average rating of “Moderate Buy” and an average target price of $36.75.

Digi International Company 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.