Geode Capital Management LLC Acquires 10,413 Shares of Lantronix, Inc. (NASDAQ:LTRX)

Geode Capital Management LLC boosted its holdings in Lantronix, Inc. (NASDAQ:LTRX) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 338,202 shares of the technology company’s stock after acquiring an additional 10,413 shares during the quarter. Geode Capital Management LLC’s holdings in Lantronix were worth $1,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LTRX. Barclays PLC boosted its stake in shares of Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Lantronix in the 3rd quarter valued at approximately $60,000. Walleye Capital LLC boosted its position in Lantronix by 61.9% in the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after buying an additional 27,325 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Lantronix during the second quarter worth $50,000. Finally, Marshall Wace LLP increased its holdings in shares of Lantronix by 260.2% during the second quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock worth $569,000 after buying an additional 115,772 shares in the last quarter. Institutional investors own 39.38% of the company’s stock.

Analyst Ratings Changes

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

Lantronix Stock Performance

NASDAQ LTRX opened at $4.02 on Friday. The company has a market capitalization of $154.67 million, a price-to-earnings ratio of -28.71 and a beta of 1.94. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. Lantronix, Inc. has a twelve month low of $2.48 and a twelve month high of $6.95. The stock has a fifty day simple moving average of $3.44 and a 200 day simple moving average of $3.68.

Insider Buying and Selling at Lantronix

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

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.