JPMorgan Chase & Co. Boosts Stake in Cantaloupe, Inc. (NASDAQ:CTLP)

JPMorgan Chase & Co. boosted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 220.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,973 shares of the technology company’s stock after acquiring an additional 245,579 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of Cantaloupe worth $3,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of Cantaloupe by 4.1% during the 4th quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock worth $770,000 after acquiring an additional 3,221 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Cantaloupe by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 479,346 shares of the technology company’s stock worth $4,559,000 after purchasing an additional 3,888 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Cantaloupe during the fourth quarter worth $40,000. Finally, Parkside Financial Bank & Trust acquired a new stake in Cantaloupe in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTLP shares. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark increased their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th.

Cantaloupe Stock Down 1.9 %

CTLP opened at $7.39 on Tuesday. The firm has a market cap of $539.73 million, a P/E ratio of 36.95 and a beta of 1.45. The business’s fifty day simple moving average is $8.58 and its 200 day simple moving average is $8.87. Cantaloupe, Inc. has a 52 week low of $5.75 and a 52 week high of $11.36. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same period last year, the business posted $0.04 EPS. As a group, equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe Company 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.