Digi International Inc. (NASDAQ:DGII) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of Digi International Inc. (NASDAQ:DGII) by 2,297.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 238,019 shares of the technology company’s stock after acquiring an additional 228,089 shares during the period. Pacer Advisors Inc.’s holdings in Digi International were worth $6,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DGII. Ameriprise Financial Inc. boosted its holdings in shares of Digi International by 8.8% during 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 stake in Digi International in the 4th quarter valued at about $1,400,000. GAMMA Investing LLC boosted its stake in Digi International by 2,467.2% during the 1st quarter. GAMMA Investing LLC now owns 28,136 shares of the technology company’s stock valued at $783,000 after purchasing an additional 27,040 shares during the period. BNP Paribas Financial Markets grew its position in Digi International by 16.3% in the 4th quarter. BNP Paribas Financial Markets now owns 28,054 shares of the technology company’s stock worth $848,000 after purchasing an additional 3,925 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake 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 purchasing an additional 1,451 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Stock Up 0.9%

Digi International stock opened at $33.54 on Monday. Digi International Inc. has a 52 week low of $20.17 and a 52 week high of $37.06. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.16 and a beta of 0.89. The company’s 50-day moving average price is $33.74 and its two-hundred day moving average price is $31.17. The company has a current ratio of 1.57, a quick ratio of 1.12 and a debt-to-equity ratio of 0.12.

Digi International (NASDAQ:DGII) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.51 EPS 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 analyst estimates of $104.08 million. Digi International had a net margin of 10.07% and a return on equity of 11.00%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. On average, analysts expect that Digi International Inc. will post 1.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DGII shares. Wall Street Zen upgraded Digi International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. Piper Sandler lifted their target price on Digi International from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th.

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.