JPMorgan Chase & Co. Has $3.40 Million Stock Position in Cantaloupe, Inc. (NASDAQ:CTLP)

JPMorgan Chase & Co. increased its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 220.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,973 shares of the technology company's stock after purchasing an additional 245,579 shares during the period. JPMorgan Chase & Co. owned 0.49% of Cantaloupe worth $3,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings in Cantaloupe by 99.6% during the fourth quarter. Royce & Associates LP now owns 563,000 shares of the technology company's stock worth $5,354,000 after purchasing an additional 281,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cantaloupe by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock valued at $33,657,000 after acquiring an additional 212,456 shares during the period. Anderson Hoagland & Co. acquired a new stake in shares of Cantaloupe in the fourth quarter worth $1,837,000. Raymond James Financial Inc. acquired a new position in shares of Cantaloupe in the 4th quarter valued at about $908,000. Finally, Barclays PLC grew its position in Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company's stock valued at $843,000 after purchasing an additional 83,316 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analysts Set New Price Targets

CTLP has been the topic of several analyst reports. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark boosted their target price on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th.

Cantaloupe Trading Up 0.3 %

Shares of NASDAQ CTLP traded up $0.02 during mid-day trading on Friday, hitting $7.88. The company's stock had a trading volume of 408,756 shares, compared to its average volume of 394,194. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. The stock has a market cap of $575.52 million, a price-to-earnings ratio of 39.40 and a beta of 1.45. The company's fifty day simple moving average is $8.32 and its 200-day simple moving average is $8.85. Cantaloupe, Inc. has a one year low of $5.75 and a one year high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, sell-side analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal 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.