Barclays PLC Purchases 43,770 Shares of Lantronix, Inc. (NASDAQ:LTRX)

Barclays PLC lifted its stake in Lantronix, Inc. (NASDAQ:LTRX) by 235.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,321 shares of the technology company’s stock after acquiring an additional 43,770 shares during the period. Barclays PLC owned approximately 0.16% of Lantronix worth $257,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in Lantronix during the second quarter worth about $42,000. Mackenzie Financial Corp purchased a new stake in Lantronix during the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lantronix in the 3rd quarter worth $60,000. American Century Companies Inc. grew its position in shares of Lantronix by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after buying an additional 5,693 shares during the last quarter. Finally, Walleye Capital LLC increased its position in shares of Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after buying an additional 27,325 shares during the period. Institutional investors own 39.38% of the company’s stock.

Lantronix Trading Down 0.8 %

Shares of LTRX opened at $3.51 on Tuesday. The stock has a market capitalization of $135.03 million, a PE ratio of -25.07 and a beta of 1.94. The company’s fifty day moving average is $3.45 and its 200 day moving average is $3.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. Lantronix, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $6.90.

Insider Transactions at Lantronix

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

Wall Street Analyst Weigh In

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

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.