Itron, Inc. (NASDAQ:ITRI) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,110 shares of the scientific and technical instruments company's stock after purchasing an additional 12,200 shares during the quarter. Itron makes up 1.0% of Oberweis Asset Management Inc.'s portfolio, making the stock its 21st biggest holding. Oberweis Asset Management Inc. owned approximately 0.44% of Itron worth $21,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ITRI. Hennion & Walsh Asset Management Inc. grew its holdings in Itron by 78.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company's stock valued at $660,000 after buying an additional 2,671 shares in the last quarter. Intech Investment Management LLC grew its stake in Itron by 112.7% during the fourth quarter. Intech Investment Management LLC now owns 41,363 shares of the scientific and technical instruments company's stock valued at $4,491,000 after acquiring an additional 21,919 shares in the last quarter. Wellington Management Group LLP increased its holdings in Itron by 180.7% in the 4th quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company's stock valued at $36,197,000 after acquiring an additional 214,600 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Itron in the 4th quarter worth $301,000. Finally, HighTower Advisors LLC grew its position in shares of Itron by 143.2% during the fourth quarter. HighTower Advisors LLC now owns 7,355 shares of the scientific and technical instruments company's stock valued at $799,000 after purchasing an additional 4,331 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 648 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 20,326 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction dated Thursday, February 27th. The shares were 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 of the company's stock, valued at approximately $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,037 shares of company stock valued at $385,815. Company insiders own 1.51% of the company's stock.

Itron Stock Up 1.1 %

Shares of ITRI stock traded up $1.25 on Friday, hitting $110.41. The stock had a trading volume of 484,767 shares, compared to its average volume of 574,005. 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 50 day moving average price of $103.10 and a 200 day moving average price of $107.43. The company has a market cap of $5.03 billion, a PE ratio of 22.63, a P/E/G ratio of 0.81 and a beta of 1.39. Itron, Inc. has a one year low of $90.03 and a one year high of $124.90.

Wall Street Analyst Weigh In

ITRI has been the topic of a number of research analyst reports. StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Canaccord Genuity Group increased their target price on Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Piper Sandler boosted their price target on shares of Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Oppenheimer lifted their price target on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, Guggenheim reissued a "buy" rating and issued a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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.