20,000 Shares in Lantronix, Inc. $LTRX Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. purchased a new position in shares of Lantronix, Inc. (NASDAQ:LTRX) during the second quarter, Holdings Channel reports. The firm purchased 20,000 shares of the technology company’s stock, valued at approximately $60,000.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Lantronix by 23.6% during the first quarter. American Century Companies Inc. now owns 54,318 shares of the technology company’s stock worth $135,000 after buying an additional 10,381 shares in the last quarter. Jane Street Group LLC lifted its stake in Lantronix by 19.7% during the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after purchasing an additional 11,728 shares during the last quarter. AMH Equity Ltd bought a new stake in Lantronix during the first quarter worth $500,000. Finally, Heartland Advisors Inc. bought a new stake in Lantronix during the first quarter worth $3,486,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analysts Set New Price Targets

LTRX has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Wednesday, October 8th. Lake Street Capital upped their target price on Lantronix from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Needham & Company LLC upped their target price on Lantronix from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lantronix has an average rating of “Moderate Buy” and an average price target of $4.50.

Lantronix Stock Up 4.6%

Shares of LTRX opened at $4.74 on Friday. Lantronix, Inc. has a 52 week low of $1.91 and a 52 week high of $5.72. The stock has a market capitalization of $186.14 million, a price-to-earnings ratio of -15.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.68 and a current ratio of 2.54. The stock has a fifty day moving average of $4.56 and a 200-day moving average of $3.24.

Insider Activity at Lantronix

In other news, major shareholder Bernhard Bruscha sold 12,993 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $4.64, for a total value of $60,287.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

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.