Barclays PLC Raises Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Barclays PLC boosted its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 272.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,920 shares of the technology company’s stock after purchasing an additional 83,316 shares during the quarter. Barclays PLC owned approximately 0.16% of Cantaloupe worth $843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CTLP. Wasatch Advisors LP increased its stake in shares of Cantaloupe by 20.3% in the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock worth $11,937,000 after buying an additional 271,782 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in Cantaloupe by 0.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company’s stock worth $10,568,000 after acquiring an additional 14,431 shares in the last quarter. State Street Corp increased its position in shares of Cantaloupe by 2.4% in the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cantaloupe by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Cantaloupe during the second quarter worth about $2,276,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Cantaloupe Stock Performance

Shares of CTLP stock opened at $9.51 on Wednesday. The company has a market cap of $694.10 million, a P/E ratio of 55.94 and a beta of 1.66. The business has a 50 day moving average of $9.25 and a two-hundred day moving average of $7.90. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $10.48. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The business had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same quarter in the previous year, the firm posted $0.02 EPS. As a group, analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CTLP. Craig Hallum cut their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Northland Securities boosted their price target on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Benchmark raised their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.