State Street Corp Has $9.16 Million Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

State Street Corp grew its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 2.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,237,888 shares of the technology company’s stock after buying an additional 29,460 shares during the period. State Street Corp’s holdings in Cantaloupe were worth $9,160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CTLP. ClariVest Asset Management LLC lifted its holdings in shares of Cantaloupe by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock valued at $742,000 after purchasing an additional 3,011 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after purchasing an additional 3,210 shares in the last quarter. Quarry LP purchased a new position in Cantaloupe during the third quarter worth about $26,000. Susquehanna Fundamental Investments LLC grew its position in Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock worth $357,000 after purchasing an additional 3,690 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Cantaloupe by 34.0% in the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CTLP. Craig Hallum cut their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Benchmark lifted their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Northland Securities increased their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a report on Monday, November 4th.

Insider Buying and Selling at Cantaloupe

In other news, Director Douglas Bergeron acquired 36,000 shares of Cantaloupe stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the purchase, the director now owns 462,319 shares in the company, valued at $3,425,783.79. This trade represents a 8.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.

Cantaloupe Stock Performance

Cantaloupe stock opened at $9.76 on Friday. The firm has a fifty day simple moving average of $9.24 and a two-hundred day simple moving average of $7.83. 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 twelve month low of $5.74 and a twelve month high of $10.48. The company has a market capitalization of $712.34 million, a PE ratio of 57.42 and a beta of 1.66.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The business had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. During the same quarter last year, the firm earned $0.02 EPS. Research analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current year.

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.