Schwab Charles Investment Management Inc. boosted its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 340,520 shares of the technology company’s stock after buying an additional 24,142 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.55% of DigitalGlobe worth $11,153,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in DigitalGlobe by 13,624.9% in the first quarter. BlackRock Inc. now owns 5,158,901 shares of the technology company’s stock valued at $168,955,000 after buying an additional 5,121,313 shares in the last quarter. Vanguard Group Inc. boosted its stake in DigitalGlobe by 2.4% in the first quarter. Vanguard Group Inc. now owns 4,895,296 shares of the technology company’s stock valued at $160,321,000 after buying an additional 112,694 shares in the last quarter. Shapiro Capital Management LLC boosted its stake in DigitalGlobe by 106.9% in the first quarter. Shapiro Capital Management LLC now owns 4,006,441 shares of the technology company’s stock valued at $131,211,000 after buying an additional 2,070,230 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in DigitalGlobe by 17.0% in the first quarter. JPMorgan Chase & Co. now owns 2,229,580 shares of the technology company’s stock valued at $73,019,000 after buying an additional 324,644 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in DigitalGlobe by 57.4% in the first quarter. Schroder Investment Management Group now owns 1,136,229 shares of the technology company’s stock valued at $37,098,000 after buying an additional 414,181 shares in the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.
DigitalGlobe, Inc (DGI) opened at 34.45 on Thursday. The company has a 50 day moving average of $33.57 and a 200 day moving average of $32.05. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 1013.24 and a beta of 1.02. DigitalGlobe, Inc has a 52 week low of $23.95 and a 52 week high of $35.95.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings data on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $209.13 million. During the same quarter in the prior year, the company posted $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 analysts forecast that DigitalGlobe, Inc will post ($0.08) EPS for the current fiscal year.
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Several research firms have recently commented on DGI. BidaskClub raised shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $34.00 in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.75.
In related news, insider Jose Torres sold 3,858 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total value of $122,491.50. Following the transaction, the insider now owns 39,594 shares in the company, valued at approximately $1,257,109.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Warren Jenson sold 32,512 shares of the 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 completion of the transaction, 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. In the last quarter, insiders sold 52,570 shares of company stock worth $1,666,341. 1.90% of the stock is owned by corporate insiders.
About DigitalGlobe
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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