XTX Topco Ltd Sells 123,694 Shares of Lantronix, Inc. (NASDAQ:LTRX)

XTX Topco Ltd lowered its position in Lantronix, Inc. (NASDAQ:LTRX) by 82.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,161 shares of the technology company’s stock after selling 123,694 shares during the quarter. XTX Topco Ltd’s holdings in Lantronix were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LTRX. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lantronix during the third quarter valued at approximately $60,000. Walleye Capital LLC grew its position in shares of Lantronix by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after acquiring an additional 27,325 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Lantronix in the 2nd quarter worth $50,000. Marshall Wace LLP increased its stake in shares of Lantronix by 260.2% in the 2nd quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock worth $569,000 after purchasing an additional 115,772 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Lantronix in the 2nd quarter worth $42,000. Institutional investors own 39.38% of the company’s stock.

Lantronix Stock Up 1.4 %

NASDAQ LTRX opened at $3.64 on Friday. Lantronix, Inc. has a 12 month low of $2.48 and a 12 month high of $6.95. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. The stock has a market cap of $140.05 million, a PE ratio of -26.00 and a beta of 2.04. The stock’s 50 day moving average is $3.45 and its 200 day moving average is $3.65.

Wall Street Analyst Weigh In

LTRX has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price target on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Finally, Needham & Company LLC lowered their price target on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $6.50.

Insider Activity

In other Lantronix news, CEO Saleel Awsare bought 80,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the transaction, the chief executive officer now owns 233,184 shares of the company’s stock, valued at $620,269.44. This represents a 52.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bernhard Bruscha sold 20,000 shares of Lantronix stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the completion of the transaction, the insider now owns 5,198,971 shares of the company’s stock, valued at approximately $21,211,801.68. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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.