Nuveen LLC Acquires New Holdings in Cantaloupe, Inc. $CTLP

Key Points

• Nuveen LLC has acquired a new position in Cantaloupe, Inc. (NASDAQ: CTLP) by purchasing 714,647 shares valued at approximately $5.62 million, giving it a 0.98% stake in the company.
• Other institutional investors, including CenterBook Partners LP and Vanguard Group Inc., have significantly increased their holdings in Cantaloupe during the first quarter, indicating growing institutional interest.
• Analysts have downgraded the stock ratings for Cantaloupe, with a consensus rating of "Hold" and a price target of $12.24.

Nuveen LLC purchased a new position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 714,647 shares of the technology company's stock, valued at approximately $5,624,000. Nuveen LLC owned approximately 0.98% of Cantaloupe at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Cantaloupe by 8,886.0% in the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock worth $35,000 after acquiring an additional 4,443 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Cantaloupe in the 4th quarter worth about $77,000. Bailard Inc. purchased a new position in Cantaloupe in the 1st quarter worth about $87,000. New York State Common Retirement Fund increased its stake in Cantaloupe by 57.1% in the 1st quarter. New York State Common Retirement Fund now owns 12,384 shares of the technology company's stock worth $97,000 after purchasing an additional 4,500 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Cantaloupe by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock worth $156,000 after purchasing an additional 5,412 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Craig Hallum cut Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. B. Riley cut Cantaloupe from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $11.50 to $11.20 in a research note on Tuesday, June 17th. Benchmark cut Cantaloupe from a "buy" rating to a "hold" rating in a research note on Tuesday, June 17th. William Blair cut Cantaloupe from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Barrington Research cut Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $12.24.

Cantaloupe Stock Up 0.3%

NASDAQ:CTLP traded up $0.03 on Friday, hitting $10.87. 595,182 shares of the company's stock traded hands, compared to its average volume of 1,938,534. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. Cantaloupe, Inc. has a 1 year low of $5.82 and a 1 year high of $11.36. The firm has a 50-day moving average price of $11.00 and a 200-day moving average price of $9.45. The company has a market cap of $796.66 million, a PE ratio of 13.76 and a beta of 1.09.

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.