Cantaloupe, Inc. (NASDAQ:CTLP) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 102.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 900,201 shares of the technology company's stock after acquiring an additional 456,199 shares during the period. Nuveen Asset Management LLC owned approximately 1.23% of Cantaloupe worth $8,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTLP. Janus Henderson Group PLC increased its position in shares of Cantaloupe by 600.1% in the 4th quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company's stock valued at $10,303,000 after purchasing an additional 930,061 shares during the last quarter. Invesco Ltd. raised its stake in Cantaloupe by 1,768.2% in the fourth quarter. Invesco Ltd. now owns 397,299 shares of the technology company's stock valued at $3,778,000 after buying an additional 376,033 shares in the last quarter. Royce & Associates LP lifted its holdings in Cantaloupe by 99.6% during the 4th quarter. Royce & Associates LP now owns 563,000 shares of the technology company's stock worth $5,354,000 after buying an additional 281,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Cantaloupe by 220.5% during the 4th quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company's stock worth $3,395,000 after buying an additional 245,579 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cantaloupe by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock worth $33,657,000 after acquiring an additional 212,456 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CTLP shares. Benchmark raised their target price on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Wall Street Zen cut shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of Cantaloupe in a research report on Wednesday, May 21st. Five analysts have rated the stock with a buy rating, According to MarketBeat, Cantaloupe currently has an average rating of "Buy" and a consensus target price of $12.50.

Cantaloupe Stock Performance

Shares of Cantaloupe stock traded down $0.20 on Friday, hitting $8.46. The stock had a trading volume of 604,742 shares, compared to its average volume of 414,169. The stock has a market cap of $618.07 million, a price-to-earnings ratio of 42.30 and a beta of 1.08. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The company's 50 day moving average price is $7.95 and its 200 day moving average price is $8.71.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $75.43 million for the quarter, compared to analysts' expectations of $79.83 million. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. On average, research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Cantaloupe Company 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.