Jane Street Group LLC Sells 40,162 Shares of Lantronix, Inc. (NASDAQ:LTRX)

Jane Street Group LLC reduced its position in shares of Lantronix, Inc. (NASDAQ:LTRX) by 65.5% during the third quarter, Holdings Channel reports. The firm owned 21,126 shares of the technology company’s stock after selling 40,162 shares during the period. Jane Street Group LLC’s holdings in Lantronix were worth $87,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LTRX. First Eagle Investment Management LLC increased its position in shares of Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after acquiring an additional 336,781 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lantronix by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after purchasing an additional 159,671 shares during the period. Renaissance Technologies LLC raised its stake in shares of Lantronix by 30.4% during the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares during the period. Marshall Wace LLP boosted its holdings 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 buying an additional 115,772 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in Lantronix by 217.7% during the second quarter. XTX Topco Ltd now owns 149,855 shares of the technology company’s stock worth $532,000 after buying an additional 102,688 shares during the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Lantronix Trading Down 2.5 %

NASDAQ:LTRX opened at $3.46 on Wednesday. The company has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.69. The stock has a market cap of $133.12 million, a price-to-earnings ratio of -24.71 and a beta of 1.94. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. Lantronix, Inc. has a 12 month low of $2.48 and a 12 month high of $6.95.

Insider Transactions at Lantronix

In related news, Director Hoshi Printer acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saleel Awsare purchased 80,000 shares of Lantronix stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now directly owns 233,184 shares in the company, valued at approximately $620,269.44. The trade was a 52.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.