California Public Employees Retirement System Has $587,000 Stake in Digi International Inc. (DGII)

California Public Employees Retirement System held its stake in Digi International Inc. (NASDAQ:DGII) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,836 shares of the technology company’s stock at the close of the second quarter. California Public Employees Retirement System owned 0.22% of Digi International worth $587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System increased its holdings in shares of Digi International by 0.7% during the second quarter. Arizona State Retirement System now owns 13,841 shares of the technology company’s stock valued at $140,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Digi International by 0.9% during the second quarter. Russell Investments Group Ltd. now owns 82,377 shares of the technology company’s stock valued at $835,000 after purchasing an additional 700 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Digi International by 6.3% during the first quarter. Thrivent Financial For Lutherans now owns 14,920 shares of the technology company’s stock valued at $178,000 after purchasing an additional 880 shares during the period. Rhumbline Advisers increased its holdings in shares of Digi International by 2.0% during the second quarter. Rhumbline Advisers now owns 54,451 shares of the technology company’s stock valued at $553,000 after purchasing an additional 1,075 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Digi International by 3.5% during the second quarter. Teachers Advisors LLC now owns 42,937 shares of the technology company’s stock valued at $436,000 after purchasing an additional 1,464 shares during the period. 78.01% of the stock is currently owned by institutional investors.

Digi International Inc. (DGII) opened at $9.75 on Monday. Digi International Inc. has a 52 week low of $8.50 and a 52 week high of $14.15. The firm has a market capitalization of $258.76, a PE ratio of 26.35 and a beta of 1.45.

Digi International (NASDAQ:DGII) last announced its earnings results on Thursday, October 26th. The technology company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. Digi International had a return on equity of 3.24% and a net margin of 5.16%. The business had revenue of $45.10 million during the quarter, compared to analysts’ expectations of $45.66 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. sell-side analysts predict that Digi International Inc. will post 0.25 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Digi International from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised Digi International from a “c+” rating to a “b” rating in a report on Friday, October 27th. Canaccord Genuity reissued a “buy” rating on shares of Digi International in a report on Friday, October 27th. Sidoti lowered Digi International from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Monday, October 16th. Finally, BidaskClub lowered Digi International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.00.

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Digi International Profile

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.

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

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