Jane Street Group LLC Has $87,000 Stock Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Jane Street Group LLC decreased its holdings in shares of Lantronix, Inc. (NASDAQ:LTRX) by 65.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,126 shares of the technology company’s stock after selling 40,162 shares during the quarter. Jane Street Group LLC owned approximately 0.05% of Lantronix worth $87,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LTRX. First Eagle Investment Management LLC increased its stake in shares of Lantronix by 65.0% in the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after purchasing an additional 336,781 shares during the period. Dimensional Fund Advisors LP grew its holdings in Lantronix by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after buying an additional 159,671 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Lantronix by 30.4% in the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after buying an additional 152,400 shares during the last quarter. Marshall Wace LLP increased its position in Lantronix by 260.2% in the 2nd quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock worth $569,000 after buying an additional 115,772 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of Lantronix by 217.7% during the second quarter. XTX Topco Ltd now owns 149,855 shares of the technology company’s stock worth $532,000 after buying an additional 102,688 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

Lantronix Stock Down 2.5 %

LTRX stock opened at $3.46 on Wednesday. The company has a market cap of $133.12 million, a price-to-earnings ratio of -24.71 and a beta of 1.94. Lantronix, Inc. has a twelve month low of $2.48 and a twelve month high of $6.95. The business has a 50 day moving average price of $3.43 and a two-hundred day moving average price of $3.69. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16.

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.