Deutsche Bank AG Grows Stake in Cantaloupe, Inc. (NASDAQ:CTLP)

Deutsche Bank AG grew its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,966,050 shares of the technology company’s stock after buying an additional 20,314 shares during the period. Deutsche Bank AG’s holdings in Cantaloupe were worth $28,207,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in Cantaloupe by 1,768.2% in the fourth quarter. Invesco Ltd. now owns 397,299 shares of the technology company’s stock worth $3,778,000 after acquiring an additional 376,033 shares during the period. Royce & Associates LP increased its position in shares of Cantaloupe by 99.6% during the fourth quarter. Royce & Associates LP now owns 563,000 shares of the technology company’s stock valued at $5,354,000 after buying an additional 281,000 shares during the period. JPMorgan Chase & Co. raised its stake in Cantaloupe by 220.5% in the fourth quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company’s stock worth $3,395,000 after buying an additional 245,579 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Cantaloupe by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company’s stock worth $33,657,000 after buying an additional 212,456 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Cantaloupe in the fourth quarter worth about $2,011,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Price Performance

Shares of CTLP opened at $7.74 on Wednesday. Cantaloupe, Inc. has a fifty-two week low of $5.82 and a fifty-two week high of $11.36. The firm’s 50-day simple moving average is $7.82 and its two-hundred day simple moving average is $8.76. The stock has a market cap of $565.29 million, a PE ratio of 38.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $79.83 million. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. Analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CTLP. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark increased their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th.

About Cantaloupe

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.