4,173 Shares in Cantaloupe, Inc. (NASDAQ:CTLP) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,173 shares of the technology company’s stock, valued at approximately $40,000.

A number of other large investors have also recently bought and sold shares of CTLP. Barclays PLC lifted its position in shares of Cantaloupe by 272.2% in the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after acquiring an additional 83,316 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cantaloupe by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Cantaloupe by 340.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after purchasing an additional 86,109 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Cantaloupe by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock valued at $10,111,000 after purchasing an additional 46,518 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Cantaloupe by 2.4% during the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Trading Up 3.4 %

NASDAQ CTLP opened at $7.91 on Monday. The company has a market cap of $577.71 million, a P/E ratio of 39.55 and a beta of 1.64. Cantaloupe, Inc. has a 12 month low of $5.75 and a 12 month high of $11.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. The company has a 50-day moving average of $9.01 and a 200-day moving average of $8.76.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same quarter last year, the business earned $0.04 earnings per share. As a group, equities analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barrington Research boosted their price objective on shares of Cantaloupe from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Benchmark boosted their price target on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

Cantaloupe Company Profile

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.