Barclays PLC Grows Stock Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Barclays PLC raised its holdings in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 272.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,920 shares of the technology company's stock after purchasing an additional 83,316 shares during the period. Barclays PLC owned about 0.16% of Cantaloupe worth $843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CTLP. Bank of New York Mellon Corp grew its stake in Cantaloupe by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company's stock valued at $1,405,000 after acquiring an additional 20,835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company's stock valued at $152,000 after purchasing an additional 9,374 shares during the period. ClariVest Asset Management LLC grew its position in shares of Cantaloupe by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company's stock valued at $742,000 after purchasing an additional 3,011 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Cantaloupe during the second quarter worth about $2,276,000. Finally, Squarepoint Ops LLC raised its position in shares of Cantaloupe by 163.2% during the 2nd quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company's stock worth $206,000 after purchasing an additional 19,365 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTLP has been the topic of several research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Monday, November 4th. Craig Hallum lowered their price target on Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Benchmark increased their price objective on Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Northland Securities raised their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, November 11th.

Cantaloupe Price Performance

Shares of CTLP stock traded down $0.09 during trading hours on Wednesday, reaching $9.51. The company had a trading volume of 712,099 shares, compared to its average volume of 345,758. Cantaloupe, Inc. has a 12-month low of $5.74 and a 12-month high of $10.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The company has a market capitalization of $694.10 million, a price-to-earnings ratio of 55.94 and a beta of 1.66. The stock has a fifty day moving average of $9.25 and a 200-day moving average of $7.90.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The company had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. On average, equities analysts anticipate 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.