Cantaloupe, Inc. $CTLP Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,389 shares of the technology company’s stock after selling 3,957 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.65% of Cantaloupe worth $3,741,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CTLP. ProShare Advisors LLC raised its stake in shares of Cantaloupe by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company’s stock valued at $156,000 after purchasing an additional 5,412 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock valued at $659,000 after purchasing an additional 2,725 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Cantaloupe by 8.2% in the 4th quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company’s stock valued at $887,000 after purchasing an additional 7,083 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Cantaloupe in the 4th quarter valued at about $821,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Cantaloupe by 102.7% in the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company’s stock valued at $8,561,000 after purchasing an additional 456,199 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTLP shares. Craig Hallum lowered shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Northland Capmk downgraded shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. B. Riley downgraded shares of Cantaloupe from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $11.50 to $11.20 in a research report on Tuesday, June 17th. Barrington Research downgraded shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 16th. Finally, Wall Street Zen downgraded shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cantaloupe currently has a consensus rating of “Hold” and an average target price of $12.24.

Cantaloupe Price Performance

NASDAQ CTLP opened at $10.87 on Friday. Cantaloupe, Inc. has a 52 week low of $5.82 and a 52 week 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 stock has a market cap of $796.66 million, a price-to-earnings ratio of 13.76 and a beta of 1.18. The company has a 50-day moving average price of $11.00 and a two-hundred day moving average price of $9.47.

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.