California Public Employees Retirement System boosted its stake in Digi International Inc. (NASDAQ:DGII) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,011 shares of the technology company’s stock after buying an additional 5,175 shares during the quarter. California Public Employees Retirement System’s holdings in Digi International were worth $832,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of DGII. SG Americas Securities LLC purchased a new stake in Digi International in the 2nd quarter valued at approximately $126,000. EAM Global Investors LLC purchased a new stake in Digi International in the 2nd quarter valued at approximately $1,219,000. EAM Investors LLC purchased a new stake in Digi International in the 2nd quarter valued at approximately $1,674,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in Digi International by 16.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,015,964 shares of the technology company’s stock valued at $13,411,000 after buying an additional 145,454 shares in the last quarter. 80.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DGII opened at $11.60 on Friday. The firm has a market capitalization of $318.74 million, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45. Digi International Inc. has a fifty-two week low of $9.21 and a fifty-two week high of $14.70.
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About Digi International
Digi International Inc provides Internet of Things networking hardware products and solutions. It operates in two segments, Machine-to-Machine and Solutions. It offers cellular routers that provide connectivity for devices over a cellular data network; cellular gateway products that enable devices or groups of devices to be networked in locations where there is no existing network or where access to a network is prohibited; radio frequency products that utilize a range of wireless protocols for PC-to-device or device-to-device connectivity; and Connect, Rabbit, and ARM-based embedded systems on module and single board computers for medical, transportation, and industrial device manufacturers.
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