Dimensional Fund Advisors LP Grows Stock Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Dimensional Fund Advisors LP increased its holdings in Lantronix, Inc. (NASDAQ:LTRX - Free Report) by 18.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,022,193 shares of the technology company's stock after purchasing an additional 159,671 shares during the period. Dimensional Fund Advisors LP owned 2.72% of Lantronix worth $3,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Lantronix during the first quarter valued at approximately $55,000. American Century Companies Inc. increased its holdings in Lantronix by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company's stock valued at $93,000 after acquiring an additional 5,693 shares during the last quarter. Heron Bay Capital Management purchased a new stake in Lantronix in the 1st quarter worth $226,000. Acadian Asset Management LLC bought a new position in shares of Lantronix during the 1st quarter valued at about $369,000. Finally, Essex Investment Management Co. LLC grew its position in shares of Lantronix by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company's stock valued at $1,439,000 after purchasing an additional 6,171 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a "buy" rating and issued a $9.00 target price on shares of Lantronix in a research report on Monday, June 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $7.00 price objective on shares of Lantronix in a report on Friday, September 6th. StockNews.com downgraded Lantronix from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 4th. Finally, Canaccord Genuity Group initiated coverage on shares of Lantronix in a research report on Wednesday, September 11th. They issued a "buy" rating and a $7.50 price target on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $7.30.

Insider Activity at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 23,949 shares of the firm's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $4.04, for a total value of $96,753.96. Following the completion of the sale, the insider now owns 5,381,471 shares of the company's stock, valued at $21,741,142.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 89,014 shares of company stock worth $371,386. Insiders own 1.60% of the company's stock.

Lantronix Trading Up 5.7 %

Shares of Lantronix stock traded up $0.21 on Friday, reaching $4.01. The company had a trading volume of 282,523 shares, compared to its average volume of 278,591. The firm has a market cap of $152.59 million, a price-to-earnings ratio of -33.41 and a beta of 2.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The firm's 50-day moving average price is $3.77 and its two-hundred day moving average price is $3.68. Lantronix, Inc. has a 1 year low of $3.08 and a 1 year high of $6.95.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The company had revenue of $49.08 million during the quarter, compared to analyst estimates of $49.10 million. As a group, research analysts predict that Lantronix, Inc. will post -0.01 earnings per share for the current fiscal year.

Lantronix Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.