WINTON GROUP Ltd Acquires Shares of 107,869 Lantronix, Inc. (NASDAQ:LTRX)

WINTON GROUP Ltd acquired a new stake in shares of Lantronix, Inc. (NASDAQ:LTRX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 107,869 shares of the technology company's stock, valued at approximately $444,000. WINTON GROUP Ltd owned about 0.28% of Lantronix at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LTRX. Amundi purchased a new position in Lantronix in the 4th quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Lantronix in the third quarter worth about $60,000. Bank of New York Mellon Corp lifted its stake in shares of Lantronix by 84.4% in the 4th quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company's stock valued at $171,000 after acquiring an additional 18,996 shares during the last quarter. American Century Companies Inc. boosted its holdings in Lantronix by 43.9% during the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company's stock valued at $181,000 after acquiring an additional 13,402 shares during the period. Finally, Barclays PLC grew its position in Lantronix by 235.9% during the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company's stock worth $257,000 after acquiring an additional 43,770 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors.

Insider Activity at Lantronix

In related news, Director Kevin S. Palatnik purchased 20,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $2.54 per share, with a total value of $50,800.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $50,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Saleel Awsare acquired 15,000 shares of Lantronix stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $2.53 per share, with a total value of $37,950.00. Following the transaction, the chief executive officer now owns 253,380 shares in the company, valued at $641,051.40. This represents a 6.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 50,000 shares of company stock worth $129,250 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Lake Street Capital lowered their price objective on Lantronix from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group lowered their price target on shares of Lantronix from $5.00 to $4.50 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $5.50 price target on shares of Lantronix in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $6.00.

Lantronix Trading Down 6.5 %

Shares of LTRX stock traded down $0.14 during trading hours on Friday, reaching $2.01. The company's stock had a trading volume of 426,774 shares, compared to its average volume of 325,260. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $77.97 million, a P/E ratio of -15.46 and a beta of 2.00. The firm's fifty day simple moving average is $2.95 and its 200 day simple moving average is $3.41. Lantronix, Inc. has a one year low of $1.92 and a one year high of $4.55.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. Equities research analysts expect that Lantronix, Inc. will post -0.23 EPS for the current year.

Lantronix Company 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.