Digi International Inc. (NASDAQ:DGII) VP Sells $35,875.96 in Stock

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Digi International Inc. (NASDAQ:DGII) VP Terrence G. Schneider sold 2,636 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $13.61, for a total transaction of $35,875.96. Following the sale, the vice president now owns 20,666 shares of the company’s stock, valued at $281,264.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ DGII opened at $13.50 on Thursday. The firm has a market cap of $371.12 million, a PE ratio of 270.00, a P/E/G ratio of 2.76 and a beta of 1.58. Digi International Inc. has a 12-month low of $9.28 and a 12-month high of $14.44. The company’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $12.63.

Digi International (NASDAQ:DGII) last issued its earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $61.17 million for the quarter, compared to analyst estimates of $63.30 million. Digi International had a net margin of 4.43% and a return on equity of 2.15%. As a group, equities analysts anticipate that Digi International Inc. will post 0.33 EPS for the current year.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Digi International from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TheStreet upgraded shares of Digi International from a “c+” rating to a “b-” rating in a research report on Monday, July 8th. ValuEngine upgraded shares of Digi International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of Digi International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.10.

A number of hedge funds and other institutional investors have recently modified their holdings of DGII. BNP Paribas Arbitrage SA raised its holdings in shares of Digi International by 337.4% in the first quarter. BNP Paribas Arbitrage SA now owns 5,656 shares of the technology company’s stock valued at $72,000 after purchasing an additional 4,363 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Digi International by 2,052.1% in the first quarter. Meeder Asset Management Inc. now owns 8,759 shares of the technology company’s stock valued at $112,000 after purchasing an additional 8,352 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Digi International by 405.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,153 shares of the technology company’s stock valued at $92,000 after purchasing an additional 7,343 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Digi International in the first quarter valued at about $156,000. Finally, Strs Ohio raised its holdings in shares of Digi International by 44.9% in the first quarter. Strs Ohio now owns 15,500 shares of the technology company’s stock valued at $196,000 after purchasing an additional 4,800 shares during the last quarter. 81.75% of the stock is currently owned by institutional investors and hedge funds.

About Digi International

Digi International Inc provides Internet of Things connectivity products, services, and solutions in North America, Europe, the Middle East, Africa, Asia, and Latin America. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.

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