Barclays PLC Acquires 83,316 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Barclays PLC grew its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 272.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,920 shares of the technology company’s stock after purchasing an additional 83,316 shares during the quarter. Barclays PLC’s holdings in Cantaloupe were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Cantaloupe by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 20,835 shares during the period. First Eagle Investment Management LLC bought a new position in Cantaloupe during the 2nd quarter worth about $2,276,000. Squarepoint Ops LLC lifted its position in shares of Cantaloupe by 163.2% during the second quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company’s stock valued at $206,000 after buying an additional 19,365 shares during 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 buying an additional 3,210 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock valued at $357,000 after purchasing an additional 3,690 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Benchmark raised their price target 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 lifted their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th.

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $8.11 on Thursday. Cantaloupe, Inc. has a one year low of $5.74 and a one year high of $10.48. The company has a market cap of $591.92 million, a PE ratio of 47.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The business has a 50-day simple moving average of $9.21 and a 200-day simple moving average of $8.05.

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, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. During the same period in the prior year, the company posted $0.02 earnings per share. On average, equities research analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

About Cantaloupe

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.