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

Deutsche Bank AG increased its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,966,050 shares of the technology company’s stock after buying an additional 20,314 shares during the period. Deutsche Bank AG owned 4.06% of Cantaloupe worth $28,207,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cantaloupe in the 4th quarter valued at about $40,000. Parkside Financial Bank & Trust bought a new position in shares of Cantaloupe in the fourth quarter worth approximately $47,000. New York State Common Retirement Fund raised its stake in Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Cantaloupe during the fourth quarter valued at approximately $77,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Cantaloupe in the 4th quarter worth approximately $91,000. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Trading Down 1.1%

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 has a market cap of $565.29 million, a price-to-earnings ratio of 38.70 and a beta of 1.08. The firm has a 50 day moving average price of $7.82 and a 200-day moving average price of $8.76. 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). Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. The business had revenue of $75.43 million during the quarter, compared to the consensus estimate of $79.83 million. As a group, equities research analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CTLP has been the topic of several research reports. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of Cantaloupe in a research report on Thursday, March 27th. Benchmark lifted their price target on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note 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.