SG Americas Securities LLC has acquired Digi International Inc. Sold 8395 shares of K (NASDAQ:DGII)

SG Americas Securities LLC has acquired Digi International Inc. reduced its stake in The firm held 40,170 shares of the technology company’s stock after selling 8,395 shares during the period. SG America Securities LLC’s holding in Digi International was $864,000 at the end of the most recent quarter.

Many other large investors have also added or decreased their stake in the stock. Summit Global Investments bought a new stake in Digi International worth approximately $301,000 in the first quarter. Dorsey Wright & Associates bought a new stake in Digi International worth approximately $43,000 in the first quarter. Euland Investment Advisors LLC purchased a new stake in Digi International’s shares during the fourth quarter, valued at $292,000. Wasatch Advisors Inc. increased its position in Digi International’s shares by 35.0% during the fourth quarter. After acquiring an additional 127,725 shares during the period, Wasatch Advisors Inc. He now owns 493,117 shares of the technology company’s stock, which is valued at $12,116,000. Finally, Essex Investment Management Company LLC increased its position in Digi International’s shares by 41.0% during the fourth quarter. Essex Investment Management Company LLC now owns 175,131 shares of the technology company’s stock worth $4,303,000 after acquiring an additional 50,906 shares during the period. Institutional investors hold 86.21 per cent of the company’s shares.

Change in analyst rating

Separately, Stephens assumed coverage on Digi International’s shares in a research report on Wednesday, June 1. He set an “overweight” rating and a $36.00 price objective for the company. One Equity Research Analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “moderate buy” and an average target price of $31.40.

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Inside Activity at Digi International

In related news, VP Tracy L. Roberts sold 11,250 shares of Digi International stock in a transaction on Monday, June 6. Shares were sold at an average price of $25.46 for a total transaction of $286,425.00. Following the transaction, the vice president now owns 53,957 shares in the company, which is valued at approximately $1,373,745.22. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In related news, VP Tracy L. Roberts sold 11,250 shares of Digi International stock in a transaction on Monday, June 6. Shares were sold at an average price of $25.46 for a total transaction of $286,425.00. Following the transaction, the vice president now owns 53,957 shares in the company, which is valued at approximately $1,373,745.22. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, VP Terence G. Schneider sold 12,631 shares of the traded stock in a deal on Monday, May 16. The stock was sold at an average price of $21.64 for a total transaction of $273,334.84. Following the completion of the sale, the vice president now owns 30,314 shares in the company, valued at approximately $655,994.96. The disclosure of this sale can be found here. 3.80% of the stock is owned by corporate insiders. Digi International Trading down 0.6%

DGII shares opened at $28.49 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.87 and a quick ratio of 1.29. The 1-year low of Digi International Inc. is $18.54 and the 1-year high is $28.97. The firm has a fifty-day moving average price of $24.25 and a 200-day moving average price of $21.91. The company has a market cap of $999.57 million, a price-to-earnings ratio of 86.34, a PEG ratio of 1.20 and a beta of 1.39.

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Digi International (NASDAQ: DGII – Get Rating) last released its earnings results on Wednesday, May 4. The technology company reported earnings per share of $0.36 for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Digi International had a net margin of 3.49% and a return on equity of 4.56%. The company had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $89.43 million. During the same quarter last year, the company earned $0.09 EPS. Digi International’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equity analysts expect Digi International Inc to generate earnings per share of 1.3 for the current year.

Digi International Company Profile

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Digi International Inc. provides business and mission-critical Internet of Things (IoT) products, services and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It provides a cellular router for mission-critical wireless connectivity; cellular modules to embed cellular communication capabilities into 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 edge locations; and radio frequency products including embedded wireless modules, off-the-shelf gateways, modems and adapters under the Digi XBee brand.

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