State Street Corp Has $9.16 Million Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

State Street Corp boosted its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,237,888 shares of the technology company’s stock after buying an additional 29,460 shares during the period. State Street Corp owned approximately 1.70% of Cantaloupe worth $9,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Quarry LP purchased a new stake in Cantaloupe in the 3rd quarter worth approximately $26,000. Janus Henderson Group PLC increased its stake in shares of Cantaloupe by 15.7% in the third quarter. Janus Henderson Group PLC now owns 154,985 shares of the technology company’s stock worth $1,146,000 after acquiring an additional 21,004 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Cantaloupe by 20.3% during the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock worth $11,937,000 after acquiring an additional 271,782 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after acquiring an additional 21,938 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CTLP. Northland Securities increased their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a report on Monday, November 4th. Benchmark lifted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Craig Hallum decreased their price objective on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 11th.

Insider Activity

In related news, Director Douglas Bergeron bought 36,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now owns 462,319 shares of the company’s stock, valued at $3,425,783.79. This represents a 8.44 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.30% of the company’s stock.

Cantaloupe Price Performance

Cantaloupe stock opened at $9.76 on Friday. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $10.48. The firm has a market cap of $712.34 million, a P/E ratio of 57.42 and a beta of 1.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The business’s fifty day moving average is $9.24 and its two-hundred day moving average is $7.83.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The business had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same quarter last year, the business posted $0.02 earnings per share. Equities research analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

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.