Cornerstone Investment Partners LLC Acquires New Position in Cantaloupe, Inc. $CTLP

Cornerstone Investment Partners LLC bought a new position in Cantaloupe, Inc. (NASDAQ:CTLP) in the second quarter, according to its most recent filing with the SEC. The firm bought 17,540 shares of the technology company’s stock, valued at approximately $193,000.

Other hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in shares of Cantaloupe by 57.1% during the first quarter. New York State Common Retirement Fund now owns 12,384 shares of the technology company’s stock worth $97,000 after buying an additional 4,500 shares during the period. Bailard Inc. purchased a new position in Cantaloupe in the 1st quarter worth $87,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cantaloupe by 5.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company’s stock worth $238,000 after acquiring an additional 1,622 shares during the period. DCF Advisers LLC purchased a new stake in Cantaloupe during the 1st quarter valued at about $248,000. Finally, Vanguard Group Inc. increased its holdings in shares of Cantaloupe by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,553,862 shares of the technology company’s stock valued at $27,969,000 after purchasing an additional 14,747 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

CTLP has been the subject of a number of research reports. Zacks Research downgraded Cantaloupe from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cantaloupe has a consensus rating of “Hold” and a consensus target price of $12.55.

Cantaloupe Price Performance

Cantaloupe stock opened at $10.56 on Friday. The business’s 50-day moving average price is $10.66 and its 200 day moving average price is $10.16. The company has a quick ratio of 1.30, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. The firm has a market cap of $778.19 million, a price-to-earnings ratio of 13.37 and a beta of 1.07. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36.

Insider Activity at Cantaloupe

In other news, CTO Gaurav Singal sold 14,544 shares of Cantaloupe stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $10.61, for a total transaction of $154,311.84. Following the completion of the transaction, the chief technology officer directly owned 25,989 shares of the company’s stock, valued at $275,743.29. The trade was a 35.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.10% of the stock is owned by insiders.

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.