Sei Investments Co. Acquires 151,485 Shares of Lantronix, Inc. $LTRX

Sei Investments Co. boosted its holdings in Lantronix, Inc. (NASDAQ:LTRX) by 138.0% in the first quarter, Holdings Channel reports. The institutional investor owned 261,292 shares of the technology company’s stock after acquiring an additional 151,485 shares during the quarter. Sei Investments Co.’s holdings in Lantronix were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LTRX. Vanguard Group Inc. lifted its position in shares of Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after acquiring an additional 40,890 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Lantronix by 9.7% in the fourth quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock worth $3,979,000 after acquiring an additional 59,866 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Lantronix by 135.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock valued at $3,058,000 after purchasing an additional 385,075 shares in the last quarter. Soviero Asset Management LP grew its position in shares of Lantronix by 11.8% in the fourth quarter. Soviero Asset Management LP now owns 570,000 shares of the technology company’s stock valued at $3,340,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Lantronix during the 4th quarter valued at $2,315,000. Institutional investors own 39.38% of the company’s stock.

Analyst Ratings Changes

LTRX has been the topic of a number of recent research reports. Wall Street Zen cut Lantronix from a “buy” rating to a “hold” rating in a report on Saturday. JonesTrading began coverage on Lantronix in a report on Wednesday, July 15th. They set a “buy” rating and a $12.00 target price for the company. Needham & Company LLC initiated coverage on Lantronix in a research report on Friday, June 12th. They set a “buy” rating and a $11.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. Finally, Canaccord Genuity Group raised their price objective on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Lantronix Stock Performance

NASDAQ:LTRX opened at $5.91 on Wednesday. The stock has a market cap of $259.92 million, a P/E ratio of -34.76 and a beta of 1.70. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $5.89 and its two-hundred day moving average price is $6.09. Lantronix, Inc. has a twelve month low of $2.86 and a twelve month high of $8.75.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.