The Manufacturers Life Insurance Company Grows Stock Position in Cantaloupe, Inc. (NASDAQ:CTLP)

The Manufacturers Life Insurance Company raised its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,079 shares of the technology company’s stock after acquiring an additional 3,210 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cantaloupe were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTLP. Squarepoint Ops LLC grew its position in shares of Cantaloupe by 163.2% in the second quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company’s stock valued at $206,000 after purchasing an additional 19,365 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Cantaloupe during the 2nd quarter valued at $2,276,000. ClariVest Asset Management LLC grew its holdings in Cantaloupe by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock valued at $742,000 after buying an additional 3,011 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock worth $152,000 after acquiring an additional 9,374 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Cantaloupe by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 20,835 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Stock Up 1.3 %

Shares of NASDAQ CTLP opened at $9.25 on Friday. The stock has a market capitalization of $673.49 million, a PE ratio of 57.81 and a beta of 1.71. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $7.27 and a 200-day moving average of $6.87. Cantaloupe, Inc. has a 52-week low of $5.74 and a 52-week high of $9.31.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Tuesday, September 10th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $76.14 million. Cantaloupe had a net margin of 4.47% and a return on equity of 6.83%. During the same period in the prior year, the business posted $0.04 EPS. On average, analysts anticipate that Cantaloupe, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CTLP. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research report on Friday, September 13th. Northland Securities reiterated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a report on Friday, July 12th. Benchmark restated a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Wednesday, September 11th. Finally, Craig Hallum dropped their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th.

Insider Buying and Selling at Cantaloupe

In other Cantaloupe news, Director Douglas Bergeron acquired 13,866 shares of Cantaloupe stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $7.15 per share, for a total transaction of $99,141.90. Following the completion of the transaction, the director now owns 192,185 shares in the company, valued at approximately $1,374,122.75. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Ravi Venkatesan bought 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $6.30 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 136,658 shares in the company, valued at approximately $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Bergeron purchased 13,866 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $7.15 per share, with a total value of $99,141.90. Following the completion of the purchase, the director now owns 192,185 shares in the company, valued at $1,374,122.75. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 57,866 shares of company stock worth $416,302. 4.30% of the stock is owned by company insiders.

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.