Iteris (NASDAQ:ITI) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a research report issued on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

Several other brokerages have also commented on ITI. Maxim Group reissued a “hold” rating on shares of Iteris in a research report on Monday, August 12th. Northland Capmk lowered shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th.

Iteris Price Performance

Shares of ITI opened at $7.06 on Tuesday. The company has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $4.82. The firm has a market capitalization of $303.40 million, a PE ratio of 100.86 and a beta of 0.83. Iteris has a one year low of $3.97 and a one year high of $7.10.

Insider Transactions at Iteris

In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of Iteris stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $6.99, for a total value of $5,929,617.00. Following the completion of the transaction, the insider now directly owns 4,165,000 shares of the company’s stock, valued at $29,113,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 2,050,885 shares of company stock valued at $14,340,733. Insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ITI. Strs Ohio raised its position in Iteris by 11.2% in the 4th quarter. Strs Ohio now owns 104,900 shares of the technology company’s stock worth $545,000 after buying an additional 10,600 shares during the last quarter. Bfsg LLC purchased a new stake in Iteris in the fourth quarter worth approximately $50,000. First Eagle Investment Management LLC grew its position in Iteris by 4.9% in the 4th quarter. First Eagle Investment Management LLC now owns 478,069 shares of the technology company’s stock worth $2,486,000 after purchasing an additional 22,289 shares during the period. Panagora Asset Management Inc. raised its stake in Iteris by 17.5% during the 4th quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock valued at $171,000 after buying an additional 4,904 shares during the last quarter. Finally, Bouvel Investment Partners LLC lifted its holdings in shares of Iteris by 2.3% during the 1st quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock valued at $1,491,000 after buying an additional 6,850 shares during the period. Hedge funds and other institutional investors own 51.16% of the company’s stock.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.