Amundi Reduces Holdings in Digi International Inc. (NASDAQ:DGII)

Amundi decreased its holdings in Digi International Inc. (NASDAQ:DGII) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Digi International by 1.3% in the third quarter. Geode Capital Management LLC now owns 874,290 shares of the technology company’s stock worth $24,074,000 after buying an additional 11,239 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Digi International by 51.8% in the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock worth $664,000 after buying an additional 8,235 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Digi International by 13.5% in the third quarter. Captrust Financial Advisors now owns 20,338 shares of the technology company’s stock worth $560,000 after buying an additional 2,418 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Digi International by 110.2% in the fourth quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company’s stock worth $300,000 after buying an additional 5,207 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

DGII has been the topic of a number of research reports. StockNews.com raised shares of Digi International from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Stephens reaffirmed an “overweight” rating and set a $45.00 price target on shares of Digi International in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

Digi International Price Performance

Shares of NASDAQ:DGII opened at $28.91 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.06. Digi International Inc. has a 1-year low of $20.17 and a 1-year high of $37.07. The company has a market capitalization of $1.07 billion, a P/E ratio of 30.11, a P/E/G ratio of 1.23 and a beta of 1.02. The firm’s 50 day simple moving average is $31.33 and its two-hundred day simple moving average is $30.55.

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

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.