Squarepoint Ops LLC Has $54,000 Stock Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Squarepoint Ops LLC lessened its holdings in Lantronix, Inc. (NASDAQ:LTRX) by 67.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,228 shares of the technology company’s stock after selling 27,725 shares during the period. Squarepoint Ops LLC’s holdings in Lantronix were worth $54,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Amundi acquired a new position in Lantronix in the fourth quarter worth about $42,000. Balyasny Asset Management L.P. acquired a new position in Lantronix in the fourth quarter worth about $79,000. Algert Global LLC raised its position in Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock worth $114,000 after purchasing an additional 9,180 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Lantronix in the fourth quarter worth about $166,000. Finally, Bank of New York Mellon Corp raised its position in Lantronix by 84.4% in the fourth quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock worth $171,000 after purchasing an additional 18,996 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LTRX shares. Wall Street Zen cut shares of Lantronix from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Lake Street Capital decreased their price objective on shares of Lantronix from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group decreased their price objective on shares of Lantronix from $4.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Finally, Needham & Company LLC decreased their price objective on shares of Lantronix from $5.50 to $4.50 and set a “buy” rating on the stock in a research note on Monday, May 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.13.

Lantronix Trading Down 3.3%

Lantronix stock opened at $2.36 on Wednesday. Lantronix, Inc. has a 52 week low of $1.91 and a 52 week high of $4.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.56. The stock has a market capitalization of $91.78 million, a P/E ratio of -18.15 and a beta of 1.44. The stock has a 50-day simple moving average of $2.17 and a 200 day simple moving average of $2.90.

Insider Transactions at Lantronix

In other news, CEO Saleel Awsare bought 15,011 shares of the stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $2.11 per share, for a total transaction of $31,673.21. Following the completion of the purchase, the chief executive officer now owns 268,391 shares in the company, valued at approximately $566,305.01. This trade represents a 5.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 40,011 shares of company stock worth $88,523 over the last quarter. Company insiders own 1.60% of the company’s stock.

Lantronix Profile

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.