Charles Schwab Investment Management Inc. Boosts Stake in Cantaloupe, Inc. (NASDAQ:CTLP)

Charles Schwab Investment Management Inc. raised its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,346 shares of the technology company’s stock after buying an additional 3,888 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cantaloupe were worth $4,559,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Wasatch Advisors LP grew its holdings in shares of Cantaloupe by 20.3% in the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after purchasing an additional 271,782 shares in the last quarter. Anderson Hoagland & Co. bought a new position in Cantaloupe during the fourth quarter valued at $1,837,000. JPMorgan Chase & Co. grew its stake in shares of Cantaloupe by 340.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after buying an additional 86,109 shares in the last quarter. Barclays PLC increased its holdings in shares of Cantaloupe by 272.2% in the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after buying an additional 83,316 shares during the last quarter. Finally, Stansberry Asset Management LLC increased its holdings in shares of Cantaloupe by 63.9% in the 3rd quarter. Stansberry Asset Management LLC now owns 141,078 shares of the technology company’s stock worth $1,044,000 after buying an additional 55,009 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

Cantaloupe stock opened at $7.90 on Wednesday. Cantaloupe, Inc. has a 12-month low of $5.75 and a 12-month high of $11.36. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $9.01 and a 200-day moving average price of $8.78. The firm has a market capitalization of $576.98 million, a PE ratio of 39.50 and a beta of 1.64.

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Benchmark lifted their price target on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Barrington Research lifted their target price on Cantaloupe from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th.

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.