Deutsche Bank AG Sells 5,586 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Deutsche Bank AG decreased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,960,464 shares of the technology company’s stock after selling 5,586 shares during the quarter. Deutsche Bank AG’s holdings in Cantaloupe were worth $23,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Cantaloupe by 8,886.0% during the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock valued at $35,000 after purchasing an additional 4,443 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Cantaloupe during the fourth quarter valued at about $77,000. Bailard Inc. bought a new stake in Cantaloupe during the first quarter valued at about $87,000. New York State Common Retirement Fund boosted its position in 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 valued at $97,000 after purchasing an additional 4,500 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Cantaloupe by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company’s stock valued at $156,000 after purchasing an additional 5,412 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. B. Riley downgraded Cantaloupe from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $11.50 to $11.20 in a research report on Tuesday, June 17th. Northland Capmk downgraded Cantaloupe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th. Wall Street Zen downgraded Cantaloupe from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Barrington Research downgraded Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a report on Monday, June 16th. Finally, Benchmark downgraded Cantaloupe from a “buy” rating to a “hold” rating in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.24.

Cantaloupe Trading Up 0.2%

Shares of NASDAQ:CTLP opened at $10.98 on Thursday. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The stock has a market cap of $804.72 million, a price-to-earnings ratio of 13.90 and a beta of 1.18. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $10.80 and a 200-day moving average price of $9.30.

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.