Sargent Investment Group LLC Has $13.58 Million Stake in Cantaloupe, Inc. (NASDAQ:CTLP)

Sargent Investment Group LLC reduced its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,428,363 shares of the technology company's stock after selling 88,880 shares during the quarter. Cantaloupe comprises approximately 2.2% of Sargent Investment Group LLC's holdings, making the stock its 10th largest position. Sargent Investment Group LLC owned about 1.96% of Cantaloupe worth $13,584,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company's stock worth $843,000 after buying an additional 83,316 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock valued at $3,518,000 after acquiring an additional 21,938 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cantaloupe by 3.5% in the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company's stock valued at $10,111,000 after acquiring an additional 46,518 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company's stock valued at $824,000 after acquiring an additional 86,109 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Cantaloupe by 2.4% in the third quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock valued at $9,160,000 after acquiring an additional 29,460 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Trading Up 13.5 %

NASDAQ:CTLP traded up $1.17 on Friday, reaching $9.84. 981,269 shares of the company's stock were exchanged, compared to its average volume of 257,827. The business has a fifty day moving average of $8.96 and a 200-day moving average of $8.23. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 52-week low of $5.74 and a 52-week high of $10.48. The firm has a market capitalization of $718.22 million, a price-to-earnings ratio of 49.20 and a beta of 1.64.

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 (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.45% and a net margin of 5.40%. During the same period in the previous year, the firm posted $0.04 earnings per share. As a group, analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Northland Securities boosted their price target on Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Benchmark upped their target price on Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $12.00 price target on shares of Cantaloupe in a report on Monday, February 3rd.

Cantaloupe Company 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.