DigitalGlobe, Inc (DGI) Position Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in DigitalGlobe, Inc (NYSE:DGI) by 13.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 508,077 shares of the technology company’s stock after buying an additional 61,323 shares during the period. Geode Capital Management LLC owned about 0.82% of DigitalGlobe worth $16,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in DigitalGlobe during the fourth quarter valued at $1,742,000. State Street Corp boosted its position in DigitalGlobe by 10.9% in the fourth quarter. State Street Corp now owns 1,427,123 shares of the technology company’s stock valued at $40,889,000 after buying an additional 140,151 shares during the period. Norges Bank purchased a new position in DigitalGlobe during the fourth quarter valued at $23,533,000. Leith Wheeler Investment Counsel Ltd. purchased a new position in DigitalGlobe during the first quarter valued at $1,159,000. Finally, ARP Americas LLC purchased a new position in DigitalGlobe during the first quarter valued at $3,266,000. Institutional investors and hedge funds own 98.71% of the company’s stock.

Shares of DigitalGlobe, Inc (NYSE DGI) opened at 34.25 on Friday. The firm has a 50-day moving average of $32.94 and a 200 day moving average of $31.73. DigitalGlobe, Inc has a 12 month low of $23.95 and a 12 month high of $35.95. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 1007.35 and a beta of 1.03.

DigitalGlobe (NYSE:DGI) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 prior year, the business earned $0.17 EPS. The business’s quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts expect that DigitalGlobe, Inc will post ($0.08) earnings per share for the current year.

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Several research analysts recently weighed in on DGI shares. BidaskClub upgraded shares of DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $34.00 in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $32.07.

In other DigitalGlobe news, insider Jose Torres sold 3,858 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total transaction of $122,491.50. Following the sale, the insider now owns 39,594 shares in the company, valued at approximately $1,257,109.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Warren Jenson sold 32,512 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $31.73, for a total transaction of $1,031,605.76. Following the sale, the director now owns 41,236 shares in the company, valued at approximately $1,308,418.28. The disclosure for this sale can be found here. Insiders sold a total of 53,070 shares of company stock worth $1,682,341 in the last quarter. Company insiders own 1.90% of the company’s stock.

DigitalGlobe Company Profile

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.