Nuveen LLC Invests $5.62 Million 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 bought a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 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 also recently modified their holdings of the company. ProShare Advisors LLC lifted its position in Cantaloupe by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock valued at $156,000 after buying an additional 5,412 shares in the last quarter. Rhumbline Advisers boosted its position in Cantaloupe by 3.4% during the first quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock worth $659,000 after purchasing an additional 2,725 shares during the period. Renaissance Technologies LLC boosted its position in shares of Cantaloupe by 18.8% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company's stock valued at $906,000 after acquiring an additional 15,100 shares during the period. Ameriprise Financial Inc. raised its stake in Cantaloupe by 8.2% during the fourth quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company's stock worth $887,000 after acquiring an additional 7,083 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Cantaloupe in the fourth quarter valued at $821,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Cantaloupe Trading Up 0.3%

NASDAQ CTLP traded up $0.03 on Friday, hitting $10.87. The company's stock had a trading volume of 595,182 shares, compared to its average volume of 1,972,248. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. The company's 50-day simple moving average is $11.00 and its 200 day simple moving average is $9.47. The firm has a market cap of $796.66 million, a P/E ratio of 13.76 and a beta of 1.18.

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.