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

Sei Investments Co. increased its position in shares of Lantronix, Inc. (NASDAQ:LTRX) by 138.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 261,292 shares of the technology company’s stock after purchasing an additional 151,485 shares during the quarter. Sei Investments Co. owned approximately 0.66% of Lantronix worth $1,369,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LTRX. Soviero Asset Management LP purchased a new stake in Lantronix in the 3rd quarter valued at about $2,331,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Lantronix in the 4th quarter worth approximately $2,315,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lantronix by 135.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after buying an additional 385,075 shares during the last quarter. 683 Capital Management LLC bought a new position in shares of Lantronix in the fourth quarter valued at approximately $1,209,000. Finally, Citadel Advisors LLC grew its holdings in shares of Lantronix by 1,191.2% in the third quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock valued at $894,000 after acquiring an additional 180,436 shares in the last quarter. 39.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LTRX shares. Wall Street Zen lowered Lantronix from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC assumed coverage on Lantronix in a research note on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective for the company. Canaccord Genuity Group raised their target price on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Finally, JonesTrading initiated coverage on shares of Lantronix in a report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Lantronix Stock Up 3.1%

LTRX stock opened at $5.91 on Wednesday. The stock has a fifty day moving average of $5.89 and a 200-day moving average of $6.09. Lantronix, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $8.75. The company has a market capitalization of $259.92 million, a price-to-earnings ratio of -34.76 and a beta of 1.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 2.74.

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.