Barclays PLC Acquires 41,331 Shares of Lantronix, Inc. (NASDAQ:LTRX)

Barclays PLC raised its holdings in Lantronix, Inc. (NASDAQ:LTRX) by 66.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 103,652 shares of the technology company’s stock after purchasing an additional 41,331 shares during the period. Barclays PLC’s holdings in Lantronix were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LTRX. Truffle Hound Capital LLC bought a new position in shares of Lantronix in the 4th quarter worth $4,120,000. WINTON GROUP Ltd bought a new position in Lantronix during the fourth quarter worth about $444,000. Bank of New York Mellon Corp grew its position in shares of Lantronix by 84.4% during the 4th quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock worth $171,000 after buying an additional 18,996 shares during the period. American Century Companies Inc. raised its position in shares of Lantronix by 43.9% in the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company’s stock valued at $181,000 after acquiring an additional 13,402 shares during the period. Finally, Amundi acquired a new stake in shares of Lantronix in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Insider Activity at Lantronix

In other Lantronix news, CEO Saleel Awsare acquired 15,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.53 per share, for a total transaction of $37,950.00. Following the completion of the purchase, the chief executive officer now directly owns 253,380 shares of the company’s stock, valued at approximately $641,051.40. This represents a 6.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin S. Palatnik bought 20,000 shares of Lantronix stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $2.54 per share, with a total value of $50,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $50,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 50,000 shares of company stock valued at $129,250. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on LTRX. Needham & Company LLC reiterated a “buy” rating and set a $5.50 target price on shares of Lantronix in a report on Tuesday, January 21st. Canaccord Genuity Group cut their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Lake Street Capital lowered their target price on Lantronix from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Lantronix has a consensus rating of “Buy” and an average price target of $5.75.

Lantronix Price Performance

LTRX stock opened at $2.10 on Friday. The stock has a market cap of $81.46 million, a PE ratio of -16.15 and a beta of 1.49. The stock has a 50-day moving average price of $2.34 and a two-hundred day moving average price of $3.07. Lantronix, Inc. has a 1 year low of $1.91 and a 1 year high of $4.55. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Monday, May 5th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.13). Lantronix had a negative return on equity of 2.62% and a negative net margin of 3.15%. Equities analysts forecast that Lantronix, Inc. will post -0.23 EPS for the current fiscal year.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.