Jupiter Topco LLC Takes $1.38 Million Position in Digi International Inc. $DGII

Key Points

• Jupiter Topco acquired 18,385 Digi International shares in the second quarter, valued at approximately $1.38 million. Institutional investors now own 95.9% of DGII, with several other firms also initiating positions.
• Digi International exceeded quarterly expectations, reporting $0.75 EPS versus the $0.66 consensus and revenue of $138.67 million, up 29% year over year. The company guided to fourth-quarter EPS of $0.75–$0.78.
• Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and two Holds and an average price target of $82.40, despite the stock opening at $69.36 after a recent 1.3% decline.

Jupiter Topco LLC acquired a new position in Digi International Inc. (NASDAQ:DGII - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,385 shares of the technology company's stock, valued at approximately $1,376,000.

Several other large investors also recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in Digi International in the second quarter worth approximately $6,309,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Digi International in the 2nd quarter worth $1,391,000. Van Hulzen Asset Management LLC bought a new position in Digi International in the 2nd quarter worth $2,127,000. Sanctuary Advisors LLC purchased a new position in shares of Digi International during the 2nd quarter valued at about $305,000. Finally, Globeflex Capital L P bought a new position in shares of Digi International in the second quarter worth approximately $3,250,000. 95.90% of the stock is currently owned by institutional investors.

Digi International Stock Down 1.3%

Shares of NASDAQ DGII opened at $69.36 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.13. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 55.05 and a beta of 0.97. The stock has a 50 day moving average price of $72.81 and a 200 day moving average price of $62.86. Digi International Inc. has a 52-week low of $33.74 and a 52-week high of $86.84.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DGII shares. Stephens upped their price objective on Digi International from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Zacks Research cut shares of Digi International from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Roth Capital set a $90.00 price target on Digi International and gave the stock a "buy" rating in a research report on Thursday, August 6th. B. Riley Financial upped their price objective on Digi International from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Piper Sandler lifted their target price on Digi International from $63.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.40.

About Digi International

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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