California State Teachers Retirement System Takes Position in Cantaloupe, Inc. (NASDAQ:CTLP)

California State Teachers Retirement System acquired a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,285 shares of the technology company’s stock, valued at approximately $952,000. California State Teachers Retirement System owned 0.11% of Cantaloupe as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CTLP. Royal Bank of Canada bought a new stake in shares of Cantaloupe in the 2nd quarter valued at about $55,000. Morgan Stanley acquired a new stake in Cantaloupe during the 2nd quarter valued at approximately $3,634,000. Charles Schwab Investment Management Inc. bought a new position in Cantaloupe during the 2nd quarter worth approximately $4,780,000. State Street Corp bought a new stake in shares of Cantaloupe in the 2nd quarter valued at $9,992,000. Finally, Nuveen Asset Management LLC bought a new position in Cantaloupe during the second quarter worth $2,391,000. 73.15% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on CTLP shares. Zacks Investment Research downgraded Cantaloupe from a “hold” rating to a “sell” rating in a research note on Monday, November 15th. Barrington Research started coverage on shares of Cantaloupe in a report on Friday, September 3rd. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Lake Street Capital boosted their target price on Cantaloupe from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, September 3rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $15.00.

NASDAQ:CTLP opened at $9.20 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.81 and a debt-to-equity ratio of 0.09. Cantaloupe, Inc. has a one year low of $7.95 and a one year high of $13.25. The company has a market capitalization of $652.91 million, a P/E ratio of -184.00 and a beta of 2.01. The stock’s 50-day simple moving average is $10.93.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, November 4th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $45.78 million during the quarter, compared to the consensus estimate of $46.19 million. Cantaloupe had a negative return on equity of 2.40% and a negative net margin of 1.92%. During the same quarter in the previous year, the business earned ($0.11) EPS. As a group, equities research analysts predict that Cantaloupe, Inc. will post -0.08 earnings per share for the current year.

In related news, CEO Sean E. Feeney purchased 5,200 shares of the stock in a transaction that occurred on Thursday, November 18th. The stock was acquired at an average cost of $9.42 per share, with a total value of $48,984.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 18.51% of the stock is owned by insiders.

Cantaloupe Profile

Cantaloupe, Inc is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. It offers Internet of Things (IoT) and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions.

Further Reading: Benefits of owning preferred stock

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Institutional Ownership by Quarter for Cantaloupe (NASDAQ:CTLP)

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