Several other equities analysts also recently commented on the stock. Roth Mkm lowered their target price on shares of Lantronix from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday. TheStreet upgraded shares of Lantronix from a “d+” rating to a “c-” rating in a research note on Friday, December 8th. Finally, Needham & Company LLC cut their price objective on Lantronix from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Friday. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $9.20.
Lantronix Trading Up 1.0 %
Insider Transactions at Lantronix
In other Lantronix news, major shareholder Bernhard Bruscha sold 9,409 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total value of $56,736.27. Following the completion of the sale, the insider now directly owns 5,406,471 shares of the company’s stock, valued at approximately $32,601,020.13. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 17.30% of the company’s stock.
Hedge Funds Weigh In On Lantronix
A number of hedge funds and other institutional investors have recently made changes to their positions in LTRX. Bank of New York Mellon Corp grew its holdings in Lantronix by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 66,857 shares of the technology company’s stock worth $447,000 after acquiring an additional 2,416 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Lantronix by 4.2% during the first quarter. BlackRock Inc. now owns 264,263 shares of the technology company’s stock valued at $1,766,000 after purchasing an additional 10,568 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lantronix by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 486,918 shares of the technology company’s stock valued at $3,253,000 after purchasing an additional 41,869 shares in the last quarter. Vanguard Group Inc. increased its holdings in Lantronix by 5.5% during the first quarter. Vanguard Group Inc. now owns 1,096,276 shares of the technology company’s stock valued at $7,323,000 after buying an additional 57,055 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new position in Lantronix in the first quarter worth approximately $97,000. Institutional investors own 37.21% of the company’s stock.
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.
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