Dimensional Fund Advisors LP Sells 297,082 Shares of Lantronix, Inc. $LTRX

Key Points

• Dimensional Fund Advisors cut its Lantronix stake by 27.1%, selling 297,082 shares and retaining 798,118 shares worth approximately $4.18 million. Institutional investors collectively own 39.38% of the company.
• Analyst sentiment remains generally positive: six analysts rate Lantronix a Buy and one rates it Sell, resulting in a consensus “Moderate Buy” rating and an average price target of $10.40.
• Lantronix shares opened at $6.17, compared with a 12-month range of $2.86 to $8.75. The company provides secure connectivity and data-management solutions for industrial, IT and Internet of Things applications.

Dimensional Fund Advisors LP trimmed its holdings in shares of Lantronix, Inc. (NASDAQ:LTRX - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 798,118 shares of the technology company's stock after selling 297,082 shares during the period. Dimensional Fund Advisors LP owned approximately 2.01% of Lantronix worth $4,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ritholtz Wealth Management raised its stake in shares of Lantronix by 1.5% in the first quarter. Ritholtz Wealth Management now owns 129,873 shares of the technology company's stock worth $681,000 after purchasing an additional 1,971 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Lantronix by 14.8% during the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company's stock valued at $99,000 after buying an additional 2,450 shares during the last quarter. R Squared Ltd increased its holdings in Lantronix by 28.7% in the 4th quarter. R Squared Ltd now owns 18,107 shares of the technology company's stock worth $106,000 after buying an additional 4,034 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Lantronix by 52.7% in the 3rd quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company's stock worth $88,000 after buying an additional 6,654 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in Lantronix by 79.1% in the 4th quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company's stock worth $123,000 after buying an additional 9,256 shares during the last quarter. Institutional investors own 39.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC began coverage on shares of Lantronix in a report on Friday, June 12th. They set a "buy" rating and a $11.00 price target on the stock. Wall Street Zen downgraded shares of Lantronix from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. UBS Group restated a "buy" rating on shares of Lantronix in a report on Friday, June 12th. Canaccord Genuity Group lifted their target price on shares of Lantronix from $10.50 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lantronix in a research note on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.40.

Lantronix Stock Performance

Shares of NASDAQ LTRX opened at $6.17 on Thursday. Lantronix, Inc. has a 12-month low of $2.86 and a 12-month high of $8.75. The firm has a market capitalization of $271.38 million, a price-to-earnings ratio of -36.29 and a beta of 1.70. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $5.87 and a 200 day moving average of $6.09.

Lantronix Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.

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