Itron, Inc. (NASDAQ:ITRI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 460,013 shares of the scientific and technical instruments company's stock after selling 51,721 shares during the period. Assenagon Asset Management S.A. owned 1.02% of Itron worth $49,948,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ITRI. Quarry LP lifted its holdings in Itron by 53.0% during the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 102 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock worth $57,000 after purchasing an additional 111 shares in the last quarter. Farther Finance Advisors LLC grew its position in Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock valued at $77,000 after acquiring an additional 129 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in Itron in the third quarter worth $103,000. Institutional investors and hedge funds own 96.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim upped their target price on Itron from $128.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Robert W. Baird raised their price target on Itron from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. TD Cowen increased their price target on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on Itron from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Piper Sandler boosted their price objective on Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.92.

Itron Price Performance

Itron stock traded down $0.26 during midday trading on Thursday, reaching $104.45. The company had a trading volume of 515,431 shares, compared to its average volume of 457,333. The firm's fifty day simple moving average is $113.25 and its 200-day simple moving average is $106.53. Itron, Inc. has a 12-month low of $67.21 and a 12-month high of $124.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The company has a market capitalization of $4.71 billion, a P/E ratio of 21.40, a P/E/G ratio of 0.85 and a beta of 1.47.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. During the same quarter in the prior year, the company posted $0.98 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts anticipate that Itron, Inc. will post 5.33 EPS for the current year.

About Itron

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.