Towerview LLC Sells 40,000 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Towerview LLC cut its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 39.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 62,500 shares of the technology company's stock after selling 40,000 shares during the period. Cantaloupe comprises about 0.4% of Towerview LLC's holdings, making the stock its 19th biggest holding. Towerview LLC owned 0.09% of Cantaloupe worth $492,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Cantaloupe by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock worth $33,657,000 after purchasing an additional 212,456 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Cantaloupe by 0.7% during the 4th quarter. Deutsche Bank AG now owns 2,966,050 shares of the technology company's stock worth $28,207,000 after buying an additional 20,314 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cantaloupe by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,231,728 shares of the technology company's stock valued at $11,714,000 after acquiring an additional 68,546 shares during the period. Janus Henderson Group PLC increased its holdings 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 acquiring an additional 930,061 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Cantaloupe by 102.7% in the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock valued at $8,561,000 after buying an additional 456,199 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Performance

NASDAQ:CTLP remained flat at $11.08 during trading hours on Friday. 1,878,767 shares of the company traded hands, compared to its average volume of 1,494,194. The stock's fifty day moving average price is $10.15 and its 200-day moving average price is $9.05. The company has a market capitalization of $809.50 million, a PE ratio of 14.03 and a beta of 1.17. Cantaloupe, Inc. has a 1 year low of $5.82 and a 1 year high of $11.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.79 and a quick ratio of 1.22.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $75.43 million during the quarter, compared to the consensus estimate of $79.83 million. Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CTLP has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Benchmark cut shares of Cantaloupe from a "buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Craig Hallum cut shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Northland Capmk lowered shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Finally, William Blair cut shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.24.

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.