Barclays PLC Has $843,000 Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Barclays PLC grew its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 272.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,920 shares of the technology company’s stock after purchasing an additional 83,316 shares during the period. Barclays PLC owned about 0.16% of Cantaloupe worth $843,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CTLP. First Eagle Investment Management LLC bought a new stake in shares of Cantaloupe in the 2nd quarter worth approximately $2,276,000. Wasatch Advisors LP raised its position in Cantaloupe by 20.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after purchasing an additional 271,782 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Cantaloupe in the 3rd quarter valued at $416,000. Stansberry Asset Management LLC increased its position in Cantaloupe by 63.9% in the third quarter. Stansberry Asset Management LLC now owns 141,078 shares of the technology company’s stock worth $1,044,000 after purchasing an additional 55,009 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after buying an additional 46,518 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP opened at $8.11 on Thursday. The firm has a market cap of $591.92 million, a PE ratio of 47.71 and a beta of 1.64. The firm’s fifty day moving average is $9.21 and its 200-day moving average is $8.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $10.48.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same period in the previous year, the firm posted $0.02 earnings per share. Sell-side analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTLP has been the topic of several recent analyst reports. Northland Securities lifted their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Benchmark upped their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research note on Monday, November 4th.

About Cantaloupe

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.