Alliancebernstein L.P. Sells 3,090 Shares of Itron, Inc. (NASDAQ:ITRI)

Alliancebernstein L.P. cut its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,774 shares of the scientific and technical instruments company's stock after selling 3,090 shares during the period. Alliancebernstein L.P. owned about 0.13% of Itron worth $6,599,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Hager Investment Management Services LLC purchased a new position in Itron during the 4th quarter worth $67,000. Contravisory Investment Management Inc. raised its stake in shares of Itron by 154.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company's stock worth $94,000 after purchasing an additional 525 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock valued at $97,000 after acquiring an additional 688 shares during the period. GAMMA Investing LLC boosted its holdings in Itron by 15.6% in the fourth quarter. GAMMA Investing LLC now owns 1,177 shares of the scientific and technical instruments company's stock valued at $128,000 after purchasing an additional 159 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Itron by 43.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,820 shares of the scientific and technical instruments company's stock worth $198,000 after buying an additional 548 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

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Itron Trading Down 0.4 %

NASDAQ:ITRI traded down $0.43 during mid-day trading on Wednesday, reaching $101.65. The company's stock had a trading volume of 454,977 shares, compared to its average volume of 568,522. Itron, Inc. has a twelve month low of $88.87 and a twelve month high of $124.90. The company's fifty day simple moving average is $102.21 and its two-hundred day simple moving average is $107.44. The stock has a market cap of $4.63 billion, a P/E ratio of 20.83, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

Insider Buying and Selling at Itron

In other Itron news, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now directly owns 5,630 shares in the company, valued at $603,930.10. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the transaction, the senior vice president now owns 20,326 shares in the company, valued at $1,888,285.40. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,037 shares of company stock valued at $385,815. Company insiders own 1.45% of the company's stock.

Analysts Set New Price Targets

ITRI has been the topic of a number of analyst reports. StockNews.com cut Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Piper Sandler boosted their price objective on shares of Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Oppenheimer increased their price target on Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price objective on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Guggenheim reduced their price objective on Itron from $135.00 to $133.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.