Amundi Sells 1,077 Shares of Digi International Inc. (NASDAQ:DGII)

Amundi trimmed its holdings in Digi International Inc. (NASDAQ:DGII) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,247 shares of the technology company’s stock after selling 1,077 shares during the quarter. Amundi’s holdings in Digi International were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DGII. Geode Capital Management LLC increased its stake in shares of Digi International by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock worth $24,074,000 after acquiring an additional 11,239 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Digi International by 51.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,235 shares in the last quarter. Pacer Advisors Inc. increased its stake in Digi International by 110.2% during the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company’s stock valued at $300,000 after purchasing an additional 5,207 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Digi International by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock valued at $560,000 after purchasing an additional 2,418 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Digi International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Stephens restated an “overweight” rating and set a $45.00 price objective on shares of Digi International in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Digi International currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Digi International Stock Performance

Shares of DGII stock opened at $28.91 on Friday. The company has a 50 day moving average price of $31.33 and a 200-day moving average price of $30.55. Digi International Inc. has a 52 week low of $20.17 and a 52 week high of $37.07. The firm has a market capitalization of $1.07 billion, a PE ratio of 30.11, a P/E/G ratio of 1.23 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Digi International had a return on equity of 11.16% and a net margin of 8.45%. As a group, equities research analysts expect that Digi International Inc. will post 1.68 earnings per share for the current year.

About Digi International

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.