Advisory Services Network LLC Lowers Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Advisory Services Network LLC lessened its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,774 shares of the technology company’s stock after selling 1,382 shares during the quarter. Advisory Services Network LLC owned approximately 0.08% of Cantaloupe worth $578,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Cantaloupe by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company’s stock worth $33,657,000 after buying an additional 212,456 shares during the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 46,518 shares during the period. State Street Corp increased its stake in Cantaloupe by 2.4% during the third quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after acquiring an additional 29,460 shares during the last quarter. Samjo Management LLC raised its holdings in shares of Cantaloupe by 1.2% in the 4th quarter. Samjo Management LLC now owns 798,450 shares of the technology company’s stock worth $7,593,000 after purchasing an additional 9,600 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in shares of Cantaloupe by 8.9% in the 4th quarter. First Eagle Investment Management LLC now owns 602,197 shares of the technology company’s stock valued at $5,727,000 after purchasing an additional 49,000 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Benchmark raised their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of Cantaloupe in a research report on Thursday, March 27th.

Cantaloupe Trading Up 0.7 %

NASDAQ CTLP opened at $7.71 on Wednesday. The stock has a market cap of $563.10 million, a P/E ratio of 38.55 and a beta of 1.45. The company’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $8.87. 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.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter last year, the firm posted $0.04 earnings per share. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

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.