Vanguard Group Inc. Grows Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Vanguard Group Inc. lifted its position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,539,115 shares of the technology company's stock after purchasing an additional 212,456 shares during the quarter. Vanguard Group Inc. owned about 4.85% of Cantaloupe worth $33,657,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CTLP. Charles Schwab Investment Management Inc. raised its position in shares of Cantaloupe by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock valued at $3,518,000 after buying an additional 21,938 shares in the last quarter. State Street Corp boosted 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 valued at $9,160,000 after buying an additional 29,460 shares during the period. XTX Topco Ltd grew its position in Cantaloupe by 98.4% during the 3rd quarter. XTX Topco Ltd now owns 34,350 shares of the technology company's stock worth $254,000 after acquiring an additional 17,040 shares during the last quarter. Barclays PLC grew its position in Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company's stock worth $843,000 after acquiring an additional 83,316 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Cantaloupe by 3.5% during 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 purchasing an additional 46,518 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

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Cantaloupe Stock Performance

NASDAQ:CTLP traded up $0.05 during trading hours on Tuesday, reaching $7.71. The company had a trading volume of 295,067 shares, compared to its average volume of 392,031. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 52 week low of $5.75 and a 52 week high of $11.36. The firm has a market cap of $563.10 million, a price-to-earnings ratio of 38.55 and a beta of 1.45. The firm's 50 day moving average price is $8.80 and its 200-day moving average price is $8.87.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.04 earnings per share. On average, analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CTLP. Barrington Research reiterated an "outperform" rating and issued a $14.00 price objective on shares of Cantaloupe in a research report on Thursday, March 27th. Benchmark lifted their price objective on Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th.

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.