321,072 Shares in Digi International Inc. $DGII Bought by Port Capital LLC

Key Points

• Port Capital LLC acquired 321,072 shares of Digi International during the second quarter, worth approximately $24.1 million and representing about 0.85% of the company. Institutional investors collectively own 95.9% of DGII.
• Digi International reported a strong quarter, with earnings per share of $0.75 versus estimates of $0.66 and revenue of $138.67 million, up 29% year over year. The company issued fourth-quarter 2026 EPS guidance of $0.75–$0.78.
• Analyst sentiment remains positive, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $82.40. However, CFO James J. Loch sold 100,000 shares at an average price of $69.44.

Port Capital LLC bought a new stake in shares of Digi International Inc. (NASDAQ:DGII - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 321,072 shares of the technology company's stock, valued at approximately $24,064,000. Port Capital LLC owned approximately 0.85% of Digi International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Leuthold Group LLC raised its stake in shares of Digi International by 0.5% in the fourth quarter. Leuthold Group LLC now owns 56,738 shares of the technology company's stock worth $2,456,000 after buying an additional 264 shares during the period. Russell Investments Group Ltd. grew its holdings in Digi International by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,649 shares of the technology company's stock valued at $158,000 after buying an additional 273 shares in the last quarter. Brooklyn Investment Group increased its position in Digi International by 5.9% in the fourth quarter. Brooklyn Investment Group now owns 5,983 shares of the technology company's stock worth $265,000 after purchasing an additional 331 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Digi International by 25.1% during the 2nd quarter. Lazard Asset Management LLC now owns 1,690 shares of the technology company's stock valued at $58,000 after buying an additional 339 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Digi International by 17.0% during the second quarter. GAMMA Investing LLC now owns 2,576 shares of the technology company's stock valued at $193,000 after purchasing an additional 374 shares during the period. Institutional investors own 95.90% of the company's stock.

Insider Buying and Selling at Digi International

In other news, CFO James J. Loch sold 100,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $69.44, for a total transaction of $6,944,000.00. Following the completion of the sale, the chief financial officer directly owned 167,589 shares of the company's stock, valued at approximately $11,637,380.16. The trade was a 37.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.40% of the company's stock.

Analyst Ratings Changes

DGII has been the subject of a number of recent research reports. Zacks Research cut Digi International from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Piper Sandler raised their price target on Digi International from $63.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Stephens lifted their price objective on shares of Digi International from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Roth Capital set a $90.00 price objective on shares of Digi International and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, B. Riley Financial increased their target price on shares of Digi International from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.40.

Digi International Trading Up 0.2%

DGII opened at $76.08 on Thursday. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 60.38 and a beta of 0.97. The stock's 50 day moving average price is $72.30 and its 200-day moving average price is $61.66. Digi International Inc. has a one year low of $33.40 and a one year high of $86.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13.

Digi International (NASDAQ:DGII - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Digi International had a return on equity of 12.16% and a net margin of 9.63%.The firm had revenue of $138.67 million during the quarter, compared to analyst estimates of $132.57 million. During the same period last year, the company earned $0.53 EPS. Digi International's quarterly revenue was up 29.0% compared to the same quarter last year. Digi International has set its Q4 2026 guidance at 0.750-0.780 EPS. On average, equities analysts forecast that Digi International Inc. will post 2.31 EPS for the current year.

Digi International 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.

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