Perkins Capital Management Inc. Lowers Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Perkins Capital Management Inc. cut its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 236,350 shares of the technology company’s stock after selling 8,250 shares during the period. Cantaloupe comprises about 2.0% of Perkins Capital Management Inc.’s holdings, making the stock its 18th largest position. Perkins Capital Management Inc.’s holdings in Cantaloupe were worth $2,248,000 as of its most recent SEC filing.

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

Cantaloupe Stock Up 3.4 %

NASDAQ:CTLP opened at $7.91 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. The company has a market capitalization of $577.71 million, a price-to-earnings ratio of 39.55 and a beta of 1.64. Cantaloupe, Inc. has a one year low of $5.75 and a one year high of $11.36. The stock has a 50-day simple moving average of $9.01 and a 200 day simple moving average of $8.76.

Cantaloupe (NASDAQ:CTLP) last issued its 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 return on equity of 8.36% and a net margin of 5.40%. During the same period last year, the business posted $0.04 earnings per share. Sell-side analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Cantaloupe 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.