XTX Topco Ltd Sells 123,694 Shares of Lantronix, Inc. (NASDAQ:LTRX)

XTX Topco Ltd reduced its stake in Lantronix, Inc. (NASDAQ:LTRX) by 82.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,161 shares of the technology company’s stock after selling 123,694 shares during the period. XTX Topco Ltd owned 0.07% of Lantronix worth $108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC purchased a new position in shares of Lantronix during the 2nd quarter worth approximately $42,000. Mackenzie Financial Corp bought a new stake in shares of Lantronix during the second quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Lantronix in the third quarter worth $60,000. American Century Companies Inc. lifted its position in Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after buying an additional 5,693 shares during the period. Finally, Walleye Capital LLC boosted its holdings in shares of Lantronix by 61.9% during the 3rd 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 in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lantronix

In other Lantronix news, Director Hoshi Printer acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average cost of $2.90 per share, with a total value of $43,500.00. Following the completion of the transaction, the director now directly owns 176,075 shares of the company’s stock, valued at approximately $510,617.50. This represents a 9.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bernhard Bruscha sold 20,000 shares of Lantronix stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the completion of the sale, the insider now owns 5,198,971 shares of the company’s stock, valued at $21,211,801.68. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on LTRX shares. 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 research note on Monday, November 11th. Canaccord Genuity Group cut their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $6.50.

Lantronix Stock Up 1.4 %

Shares of Lantronix stock opened at $3.64 on Friday. The company has a 50-day simple moving average of $3.45 and a two-hundred day simple moving average of $3.65. The stock has a market capitalization of $140.05 million, a PE ratio of -26.00 and a beta of 2.04. Lantronix, Inc. has a 52-week low of $2.48 and a 52-week high of $6.95. 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 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.