Arrowstreet Capital Limited Partnership Takes Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Arrowstreet Capital Limited Partnership purchased a new position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 211,455 shares of the technology company's stock, valued at approximately $2,011,000. Arrowstreet Capital Limited Partnership owned approximately 0.29% of Cantaloupe as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Cantaloupe by 220.5% in the fourth quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company's stock valued at $3,395,000 after purchasing an additional 245,579 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cantaloupe by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock valued at $33,657,000 after buying an additional 212,456 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Cantaloupe in the 4th quarter valued at about $91,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cantaloupe during the fourth quarter worth approximately $40,000. Finally, Intech Investment Management LLC raised its holdings in Cantaloupe by 58.4% in the fourth quarter. Intech Investment Management LLC now owns 25,547 shares of the technology company's stock valued at $243,000 after acquiring an additional 9,414 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CTLP shares. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark boosted their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th.

Cantaloupe Stock Down 1.3 %

Cantaloupe stock traded down $0.10 during mid-day trading on Wednesday, hitting $7.61. The company had a trading volume of 17,179 shares, compared to its average volume of 390,621. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 1 year low of $5.75 and a 1 year high of $11.36. The business has a fifty day moving average of $8.80 and a 200 day moving average of $8.87. The stock has a market cap of $555.80 million, a price-to-earnings ratio of 37.98 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating 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 in the prior year, the business posted $0.04 EPS. On average, sell-side analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal 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.