211,455 Shares in Cantaloupe, Inc. (NASDAQ:CTLP) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 211,455 shares of the technology company's stock, valued at approximately $2,011,000. Arrowstreet Capital Limited Partnership owned 0.29% of Cantaloupe as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Cantaloupe by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock worth $3,518,000 after purchasing an additional 21,938 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Cantaloupe by 15.7% in the third quarter. Janus Henderson Group PLC now owns 154,985 shares of the technology company's stock worth $1,146,000 after buying an additional 21,004 shares in the last quarter. Quarry LP bought a new stake in Cantaloupe during the third quarter valued at $26,000. State Street Corp grew its position in Cantaloupe by 2.4% during the third quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock worth $9,160,000 after buying an additional 29,460 shares in the last quarter. Finally, Zacks Investment Management increased its stake in Cantaloupe by 18.0% in the 3rd quarter. Zacks Investment Management now owns 32,586 shares of the technology company's stock worth $241,000 after acquiring an additional 4,971 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Analyst Upgrades and Downgrades

CTLP has been the subject of several research reports. Benchmark upped their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of Cantaloupe in a research report on Thursday, March 27th.

Cantaloupe Stock Up 0.5 %

NASDAQ:CTLP traded up $0.04 during trading hours on Tuesday, reaching $7.70. 119,550 shares of the company traded hands, compared to its average volume of 390,801. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The business's 50-day moving average price is $8.81 and its two-hundred day moving average price is $8.88. Cantaloupe, Inc. has a 1 year low of $5.75 and a 1 year high of $11.36. The stock has a market capitalization of $562.37 million, a P/E ratio of 38.50 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping 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 company posted $0.04 earnings per share. Analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

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.