Cantaloupe, Inc. $CTLP Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 0.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,553,862 shares of the technology company’s stock after acquiring an additional 14,747 shares during the quarter. Vanguard Group Inc. owned about 4.87% of Cantaloupe worth $27,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Cantaloupe by 8,886.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock worth $35,000 after purchasing an additional 4,443 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Cantaloupe in the fourth quarter worth about $77,000. Bailard Inc. acquired a new position in shares of Cantaloupe in the first quarter worth about $87,000. New York State Common Retirement Fund raised its position in shares of Cantaloupe by 57.1% in the first quarter. New York State Common Retirement Fund now owns 12,384 shares of the technology company’s stock worth $97,000 after acquiring an additional 4,500 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Cantaloupe by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company’s stock worth $156,000 after acquiring an additional 5,412 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CTLP shares. Barrington Research downgraded shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 16th. B. Riley cut shares of Cantaloupe from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.50 to $11.20 in a research report on Tuesday, June 17th. Benchmark cut shares of Cantaloupe from a “buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Craig Hallum cut shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Finally, Northland Capmk cut shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.24.

Cantaloupe Stock Down 0.2%

Shares of NASDAQ:CTLP opened at $10.85 on Thursday. The business has a 50-day moving average price of $11.01 and a 200 day moving average price of $9.46. Cantaloupe, Inc. has a 12-month low of $5.82 and a 12-month high of $11.36. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $795.20 million, a price-to-earnings ratio of 13.73 and a beta of 1.18.

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.