California State Teachers Retirement System Has $475,000 Position in Digi International Inc. (DGII)

California State Teachers Retirement System decreased its position in shares of Digi International Inc. (NASDAQ:DGII) by 10.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,845 shares of the technology company’s stock after selling 5,300 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Digi International worth $475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DGII. Geode Capital Management LLC lifted its stake in shares of Digi International by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 212,705 shares of the technology company’s stock valued at $2,531,000 after buying an additional 6,068 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Digi International by 0.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 82,377 shares of the technology company’s stock valued at $835,000 after buying an additional 700 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Digi International by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock valued at $140,000 after buying an additional 100 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Digi International by 37.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 102,366 shares of the technology company’s stock valued at $1,039,000 after buying an additional 27,700 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Digi International by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 77.79% of the company’s stock.

A number of research analysts recently weighed in on DGII shares. Zacks Investment Research cut shares of Digi International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. TheStreet upgraded shares of Digi International from a “c+” rating to a “b” rating in a research note on Friday, October 27th. Sidoti cut shares of Digi International from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research note on Monday, October 16th. Canaccord Genuity restated a “buy” rating on shares of Digi International in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Digi International from a “sell” rating to a “strong sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Digi International presently has an average rating of “Hold” and an average price target of $14.00.

Shares of Digi International Inc. (NASDAQ:DGII) opened at $9.70 on Friday. The company has a market cap of $257.31, a price-to-earnings ratio of 26.08 and a beta of 1.44. Digi International Inc. has a one year low of $8.50 and a one year high of $14.10.

Digi International (NASDAQ:DGII) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The business had revenue of $45.10 million for the quarter, compared to analysts’ expectations of $45.66 million. Digi International had a net margin of 5.16% and a return on equity of 3.24%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. analysts expect that Digi International Inc. will post 0.25 earnings per share for the current year.

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About Digi International

Digi International Inc is a provider of mission and business-critical machine-to-machine (M2M) and Internet-of-Things (IoT) connectivity products and services. The Company creates connected products and deploys and manages critical communications infrastructures in a range of environments. It offers four categories of hardware products: cellular routers and gateways, radio frequency (RF), embedded and network products.

Institutional Ownership by Quarter for Digi International (NASDAQ:DGII)

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