Lantronix, Inc. (NASDAQ:LTRX) Stock Holdings Lifted by Barclays PLC

Barclays PLC lifted its position in Lantronix, Inc. (NASDAQ:LTRX) by 235.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,321 shares of the technology company’s stock after acquiring an additional 43,770 shares during the period. Barclays PLC owned about 0.16% of Lantronix worth $257,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LTRX. Acadian Asset Management LLC increased its position in shares of Lantronix by 89.3% in the second quarter. Acadian Asset Management LLC now owns 196,702 shares of the technology company’s stock worth $697,000 after acquiring an additional 92,818 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after purchasing an additional 5,693 shares during the period. Herald Investment Management Ltd boosted its holdings in shares of Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after purchasing an additional 150,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 159,671 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LTRX. Needham & Company LLC decreased their price target on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a report on Monday, November 11th. Canaccord Genuity Group reduced their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $6.50.

Lantronix Trading Up 3.9 %

NASDAQ:LTRX opened at $4.23 on Monday. Lantronix, Inc. has a 12 month low of $2.48 and a 12 month high of $6.95. The firm has a market cap of $162.75 million, a price-to-earnings ratio of -30.21 and a beta of 1.94. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $3.43 and its 200-day moving average is $3.67.

Insider Activity

In other Lantronix news, CEO Saleel Awsare purchased 80,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of $2.66 per share, with a total value of $212,800.00. Following the acquisition, the chief executive officer now directly owns 233,184 shares of the company’s stock, valued at $620,269.44. This represents a 52.22 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hoshi Printer purchased 15,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $2.90 per share, for a total transaction of $43,500.00. Following the acquisition, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.