Cantaloupe, Inc. $CTLP Shares Acquired by Alpine Associates Management Inc.

Alpine Associates Management Inc. increased its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 76.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,934,206 shares of the technology company’s stock after purchasing an additional 837,506 shares during the quarter. Cantaloupe accounts for approximately 1.2% of Alpine Associates Management Inc.’s portfolio, making the stock its 22nd biggest position. Alpine Associates Management Inc. owned about 2.62% of Cantaloupe worth $20,445,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in Cantaloupe during the 3rd quarter worth approximately $32,000. Osaic Holdings Inc. lifted its holdings in shares of Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,737 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Cantaloupe by 55.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after purchasing an additional 2,063 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Cantaloupe in the 2nd quarter valued at $76,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Cantaloupe by 41.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock valued at $87,000 after purchasing an additional 2,315 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Price Performance

CTLP opened at $10.47 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.28. Cantaloupe, Inc. has a one year low of $7.01 and a one year high of $11.36. The stock has a market capitalization of $771.85 million, a P/E ratio of 58.17 and a beta of 1.09. The company’s 50 day simple moving average is $10.68 and its 200-day simple moving average is $10.71.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $78.71 million during the quarter, compared to the consensus estimate of $84.92 million. Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. Sell-side analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CTLP shares. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cantaloupe currently has an average rating of “Hold” and an average target price of $12.73.

About Cantaloupe

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.