Barclays PLC Buys 43,770 Shares of Lantronix, Inc. (NASDAQ:LTRX)

Barclays PLC boosted its stake in shares of Lantronix, Inc. (NASDAQ:LTRXFree Report) by 235.9% during the third quarter, Holdings Channel.com reports. The firm owned 62,321 shares of the technology company’s stock after purchasing an additional 43,770 shares during the quarter. Barclays PLC’s holdings in Lantronix were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after buying an additional 10,413 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lantronix during the third quarter valued at approximately $60,000. Walleye Capital LLC lifted its position in Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after acquiring an additional 27,325 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Lantronix in the second quarter valued at approximately $50,000. Finally, Marshall Wace LLP grew its holdings in Lantronix by 260.2% in the second quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock worth $569,000 after purchasing an additional 115,772 shares during the last quarter. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Price Performance

Shares of LTRX opened at $3.51 on Tuesday. The firm has a market capitalization of $135.03 million, a PE ratio of -25.07 and a beta of 1.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. The company’s fifty day moving average price is $3.45 and its 200-day moving average price is $3.69. Lantronix, Inc. has a 1-year low of $2.48 and a 1-year high of $6.90.

Insider Buying and Selling at Lantronix

In other news, CEO Saleel Awsare bought 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $2.66 per share, with a total value of $212,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 233,184 shares of the company’s stock, valued at $620,269.44. This trade represents a 52.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hoshi Printer purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the acquisition, the director now owns 176,075 shares in the company, valued at $510,617.50. This trade represents a 9.31 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LTRX. Canaccord Genuity Group decreased their price objective on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC lowered their price target on Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Lantronix currently has an average rating of “Buy” and a consensus target price of $6.50.

View Our Latest Analysis on LTRX

Lantronix Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Lantronix (NASDAQ:LTRX)

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