DigitalGlobe, Inc (DGI) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. raised its position in shares of DigitalGlobe, Inc (NYSE:DGI) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,167 shares of the technology company’s stock after acquiring an additional 270 shares during the quarter. Prudential Financial Inc.’s holdings in DigitalGlobe were worth $239,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in DigitalGlobe during the first quarter valued at $179,000. Karp Capital Management Corp bought a new stake in DigitalGlobe during the first quarter valued at $293,000. Eqis Capital Management Inc. boosted its position in DigitalGlobe by 6.6% during the second quarter. Eqis Capital Management Inc. now owns 10,483 shares of the technology company’s stock valued at $349,000 after acquiring an additional 649 shares during the last quarter. KCG Holdings Inc. boosted its position in DigitalGlobe by 34.8% during the first quarter. KCG Holdings Inc. now owns 11,285 shares of the technology company’s stock valued at $370,000 after acquiring an additional 2,913 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in DigitalGlobe by 4.8% during the second quarter. Alpha Windward LLC now owns 14,400 shares of the technology company’s stock valued at $480,000 after acquiring an additional 660 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of DigitalGlobe, Inc (DGI) opened at 34.40 on Friday. The company has a market cap of $2.14 billion, a PE ratio of 1011.76 and a beta of 1.03. DigitalGlobe, Inc has a 12 month low of $23.95 and a 12 month high of $35.95. The firm’s 50-day moving average is $34.64 and its 200-day moving average is $33.26.
DigitalGlobe (NYSE:DGI) last released its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The firm had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $209.13 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. On average, equities research analysts predict that DigitalGlobe, Inc will post ($0.08) earnings per share for the current year.
A number of analysts have commented on the stock. BidaskClub cut shares of DigitalGlobe from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price target for the company from $37.00 to $34.00 in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. DigitalGlobe currently has a consensus rating of “Hold” and a consensus price target of $33.90.
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
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