Tudor Investment Corp ET AL Sells 37,358 Shares of Digi International Inc. (NASDAQ:DGII)

Tudor Investment Corp ET AL trimmed its holdings in Digi International Inc. (NASDAQ:DGII - Free Report) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,305 shares of the technology company's stock after selling 37,358 shares during the period. Tudor Investment Corp ET AL owned 0.18% of Digi International worth $2,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in Digi International in the 4th quarter valued at about $1,400,000. KLP Kapitalforvaltning AS bought a new position in shares of Digi International during the fourth quarter worth approximately $196,000. Pacer Advisors Inc. lifted its holdings in Digi International by 110.2% during the 4th quarter. Pacer Advisors Inc. now owns 9,930 shares of the technology company's stock worth $300,000 after purchasing an additional 5,207 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Digi International by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 21,655 shares of the technology company's stock worth $655,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Digi International by 868.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,143 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,025 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Digi International Price Performance

Shares of DGII traded up $0.74 during trading hours on Friday, hitting $32.76. 163,818 shares of the company were exchanged, compared to its average volume of 213,541. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.23 and a beta of 0.82. The firm's fifty day moving average is $27.69 and its 200 day moving average is $30.30. Digi International Inc. has a fifty-two week low of $20.17 and a fifty-two week high of $37.07. 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 - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $104.08 million. Digi International had a net margin of 8.45% and a return on equity of 11.16%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. On average, equities analysts anticipate that Digi International Inc. will post 1.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their target price on Digi International from $26.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday. Stephens reiterated an "overweight" rating and issued a $45.00 price objective on shares of Digi International in a research note on Thursday, February 6th. Finally, StockNews.com lowered shares of Digi International from a "strong-buy" rating to a "buy" rating in a research report on Friday.

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.