SCHEDULE: Conestoga Capital Advisors Reports 8.5% Stake in Digi International

Conestoga Capital Advisors and CONESTOGA FUNDS have reported beneficial ownership of 8.5% and 5.42% respectively in Digi International Inc. common stock as of December 31, 2025.

Summary

• Conestoga Capital Advisors beneficially owns 3,166,083 shares of Digi International Inc. common stock, representing 8.5% of the class.
• CONESTOGA FUNDS beneficially owns 2,016,279 shares of Digi International Inc. common stock, representing 5.42% of the class.
• Conestoga Capital Advisors holds sole voting power over 2,955,793 shares and sole dispositive power over 3,166,083 shares.
• CONESTOGA FUNDS holds sole voting power and sole dispositive power over 2,016,279 shares.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating an update to previously reported ownership.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates significant beneficial ownership by two institutional investors, Conestoga Capital Advisors and CONESTOGA FUNDS, in Digi International Inc. This level of institutional investment is generally viewed as a positive signal of investor confidence, though the filing itself is a routine disclosure of ownership rather than an operational update.

Positives

• Significant institutional ownership by Conestoga Capital Advisors (8.5%) and CONESTOGA FUNDS (5.42%) indicates confidence from these investment entities.
• The certification states the holdings are for ordinary course of business, not for control, suggesting a long-term investment perspective.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional holders. The presence of large institutional investors may provide some stability to the stock.

Key Dates

Keywords

Digi International Inc., Common Stock, Conestoga Capital Advisors, CONESTOGA FUNDS, Schedule 13G, Beneficial Ownership, Institutional Investor, Investment Adviser, Investment Company, Equity Stake