Itron, Inc. (NASDAQ:ITRI) SVP Sells $60,199.20 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the sale, the senior vice president now owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Itron Trading Down 0.8 %

ITRI opened at $106.89 on Friday. Itron, Inc. has a 52 week low of $86.13 and a 52 week high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $104.98 and a 200-day simple moving average of $106.85. The firm has a market cap of $4.82 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.81 and a beta of 1.46.

Hedge Funds Weigh In On Itron

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Itron by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after purchasing an additional 5,630 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Itron by 9.1% in the fourth quarter. First Trust Advisors LP now owns 802,584 shares of the scientific and technical instruments company’s stock valued at $87,145,000 after purchasing an additional 66,637 shares in the last quarter. Norges Bank purchased a new stake in Itron during the 4th quarter worth approximately $64,615,000. Northern Trust Corp lifted its holdings in Itron by 11.4% during the 4th quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company’s stock worth $62,137,000 after buying an additional 58,546 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Itron by 21.5% during the 4th quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company’s stock worth $60,857,000 after buying an additional 99,142 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Guggenheim dropped their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a report on Thursday. Piper Sandler boosted their target price on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday. Canaccord Genuity Group raised their price target on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer upped their price objective on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Roth Mkm raised their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.64.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.