Lisanti Capital Growth LLC Invests $1.61 Million in Digi International Inc. $DGII

Lisanti Capital Growth LLC purchased a new position in shares of Digi International Inc. (NASDAQ:DGII) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,540 shares of the technology company’s stock, valued at approximately $1,614,000. Lisanti Capital Growth LLC owned about 0.06% of Digi International as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Leuthold Group LLC grew its position in Digi International by 0.5% in the 4th quarter. Leuthold Group LLC now owns 56,738 shares of the technology company’s stock valued at $2,456,000 after acquiring an additional 264 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Digi International by 8.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company’s stock worth $158,000 after purchasing an additional 273 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Digi International by 5.9% during the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company’s stock valued at $265,000 after purchasing an additional 331 shares during the period. Lazard Asset Management LLC boosted 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. Finally, GAMMA Investing LLC grew its holdings in shares of Digi International by 17.0% in the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company’s stock worth $193,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Digi International Stock Performance

Shares of NASDAQ:DGII opened at $76.09 on Thursday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 60.39 and a beta of 0.97. Digi International Inc. has a 52 week low of $32.76 and a 52 week 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. The firm has a 50 day moving average of $71.66 and a 200 day moving average of $60.60.

Digi International (NASDAQ:DGII) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $132.57 million. During the same quarter last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. On average, sell-side analysts predict that Digi International Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Digi International

In other Digi International news, CFO James J. Loch sold 100,000 shares of Digi International stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $69.44, for a total value of $6,944,000.00. Following the transaction, the chief financial officer owned 167,589 shares in the company, valued at $11,637,380.16. The trade was a 37.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James E. Freeland sold 450 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $68.00, for a total transaction of $30,600.00. Following the completion of the transaction, the vice president owned 19,219 shares of the company’s stock, valued at $1,306,892. This represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.