Geode Capital Management LLC Has $1.39 Million Stock Position in Lantronix, Inc. (NASDAQ:LTRX)

Geode Capital Management LLC boosted its holdings in shares of Lantronix, Inc. (NASDAQ:LTRX) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 338,202 shares of the technology company’s stock after buying an additional 10,413 shares during the quarter. Geode Capital Management LLC owned approximately 0.88% of Lantronix worth $1,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ProShare Advisors LLC bought a new position in shares of Lantronix during the 2nd quarter worth approximately $42,000. Mackenzie Financial Corp bought a new position in Lantronix during the second quarter worth $50,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lantronix in the third quarter valued at $60,000. American Century Companies Inc. increased its holdings in shares of Lantronix by 27.6% in the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after purchasing an additional 5,693 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Lantronix by 235.9% in the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares during the period. Institutional investors own 39.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lantronix Stock Performance

NASDAQ LTRX opened at $4.02 on Friday. The firm has a 50-day moving average price of $3.44 and a two-hundred day moving average price of $3.68. Lantronix, Inc. has a 12-month low of $2.48 and a 12-month high of $6.95. The company has a market capitalization of $154.67 million, a P/E ratio of -28.71 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.

Insider Activity

In other Lantronix news, major shareholder Bernhard Bruscha sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $4.08, for a total value of $81,600.00. Following the transaction, the insider now directly owns 5,198,971 shares of the company’s stock, valued at $21,211,801.68. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saleel Awsare bought 80,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $2.66 per share, with a total value of $212,800.00. Following the completion of the transaction, the chief executive officer now directly owns 233,184 shares in the company, valued at approximately $620,269.44. This represents a 52.22 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

About Lantronix

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.