Principal Financial Group Inc. Acquires Shares of 187,121 Cantaloupe, Inc. $CTLP

Principal Financial Group Inc. bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 187,121 shares of the technology company’s stock, valued at approximately $1,978,000. Principal Financial Group Inc. owned approximately 0.25% of Cantaloupe as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CTLP. Magnetar Financial LLC grew its stake in Cantaloupe by 10,162.7% during the 2nd quarter. Magnetar Financial LLC now owns 3,257,595 shares of the technology company’s stock worth $35,801,000 after buying an additional 3,225,853 shares during the last quarter. Beryl Capital Management LLC purchased a new position in shares of Cantaloupe during the second quarter worth approximately $27,709,000. Alliancebernstein L.P. grew its position in shares of Cantaloupe by 3,808.0% during the second quarter. Alliancebernstein L.P. now owns 1,740,226 shares of the technology company’s stock worth $19,125,000 after acquiring an additional 1,695,696 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of Cantaloupe by 60.1% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,173,351 shares of the technology company’s stock valued at $34,875,000 after acquiring an additional 1,191,748 shares during the period. Finally, Alpine Associates Management Inc. purchased a new stake in Cantaloupe in the 2nd quarter valued at $12,053,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CTLP shares. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings raised Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.73.

Cantaloupe Trading Down 2.4%

NASDAQ CTLP opened at $9.97 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $734.99 million, a P/E ratio of 55.39 and a beta of 1.09. Cantaloupe, Inc. has a 52-week low of $7.01 and a 52-week high of $11.36. The firm has a 50-day moving average price of $10.64 and a 200 day moving average price of $10.68.

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

Cantaloupe Profile

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.