Archon Capital Management LLC Reduces Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Archon Capital Management LLC lowered its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 80.8% during the 4th quarter, HoldingsChannel reports. The fund owned 52,112 shares of the technology company’s stock after selling 219,200 shares during the period. Archon Capital Management LLC’s holdings in Cantaloupe were worth $496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in Cantaloupe by 272.2% in 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. grew its position 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 acquiring an additional 21,938 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after purchasing an additional 86,109 shares during the period. Geode Capital Management LLC lifted its position in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after purchasing an additional 46,518 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Cantaloupe by 2.4% during the third 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. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

CTLP has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Cantaloupe in a research note on Thursday, March 27th. Benchmark raised their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Cantaloupe Price Performance

CTLP opened at $7.75 on Friday. The company has a market capitalization of $566.02 million, a price-to-earnings ratio of 38.75 and a beta of 1.45. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a 12-month low of $5.75 and a 12-month high of $11.36. The business’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $8.87.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (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 in the previous year, the business posted $0.04 EPS. On average, equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

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.