JPMorgan Chase & Co. Has $824,000 Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

JPMorgan Chase & Co. grew its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLPFree Report) by 340.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,394 shares of the technology company’s stock after acquiring an additional 86,109 shares during the quarter. JPMorgan Chase & Co. owned 0.15% of Cantaloupe worth $824,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in Cantaloupe by 20.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after buying an additional 271,782 shares during the last quarter. Barclays PLC increased its position in Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after purchasing an additional 83,316 shares during the period. Inspire Investing LLC bought a new position in Cantaloupe during the 3rd quarter worth approximately $416,000. Stansberry Asset Management LLC boosted its stake in shares of Cantaloupe by 63.9% in the 3rd quarter. Stansberry Asset Management LLC now owns 141,078 shares of the technology company’s stock valued at $1,044,000 after purchasing an additional 55,009 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after buying an additional 46,518 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CTLP. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research report on Monday, November 4th. Northland Securities upped their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Benchmark increased their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Get Our Latest Stock Analysis on CTLP

Cantaloupe Stock Down 0.5 %

Shares of NASDAQ:CTLP opened at $8.23 on Monday. The business’s 50 day moving average is $9.07 and its 200 day moving average is $8.14. Cantaloupe, Inc. has a 12-month low of $5.74 and a 12-month high of $10.48. The stock has a market cap of $600.71 million, a price-to-earnings ratio of 48.41 and a beta of 1.64. 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:CTLPGet Free Report) last announced its earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The company had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, sell-side analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Cantaloupe Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cantaloupe (NASDAQ:CTLP)

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