BlackRock Amends Digi Intl. Stake, Maintains Significant Holding
Ticker: DGII · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 854775
| Field | Detail |
|---|---|
| Company | Digi International INC (DGII) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Digi International stake, still a big holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of Digi International Inc. common stock as of December 31, 2023. This amendment, the 18th for BlackRock regarding Digi, shows that BlackRock continues to be a significant institutional holder. For investors, this filing confirms BlackRock's ongoing interest in Digi International, suggesting a level of confidence from a major institutional investor, which can be a positive signal for the stock's stability.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant stake in Digi International, which can signal confidence to other investors.
Risk Assessment
Risk Level: low — This is a routine amendment from a large institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this routine amendment doesn't provide new actionable insights beyond confirming institutional interest. Further research into Digi International's fundamentals and recent performance would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- DIGI INTERNATIONAL INC (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- 18 (number) — the amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 18)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is DIGI INTERNATIONAL INC, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIGI INTERNATIONAL INC' and 'DIGI INTERNATIONAL INC (Name of Issuer)' sections.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of DIGI INTERNATIONAL INC is 253798102, as listed under 'CUSIP No. 253798102'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding DIGI INTERNATIONAL INC (DGII).