Itron, Inc. (NASDAQ:ITRI) Holdings Cut by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,063,172 shares of the scientific and technical instruments company's stock after selling 11,768 shares during the quarter. Geode Capital Management LLC owned approximately 2.36% of Itron worth $115,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in shares of Itron in the 3rd quarter valued at approximately $215,000. HighTower Advisors LLC increased its holdings in Itron by 8.4% in the third quarter. HighTower Advisors LLC now owns 3,024 shares of the scientific and technical instruments company's stock valued at $321,000 after buying an additional 234 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Itron during the 3rd quarter worth about $671,000. Quarry LP increased its holdings in shares of Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock valued at $48,000 after acquiring an additional 102 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Itron by 2.2% during the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company's stock worth $526,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ITRI. Guggenheim lowered their target price on shares of Itron from $135.00 to $133.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Oppenheimer boosted their target price on Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Piper Sandler boosted their price objective on Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group raised their target price on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $127.64.

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Insider Buying and Selling at Itron

In related news, SVP Christopher E. Ware sold 648 shares of Itron 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 approximately $1,888,285.40. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total value of $80,452.50. Following the completion of the sale, the director now owns 5,630 shares of the company's stock, valued at approximately $603,930.10. This represents a 11.76 % 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.

Itron Trading Down 0.1 %

Shares of ITRI traded down $0.11 during mid-day trading on Monday, hitting $100.89. The company had a trading volume of 29,800 shares, compared to its average volume of 566,528. 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 stock has a market cap of $4.60 billion, a PE ratio of 20.67, a P/E/G ratio of 0.81 and a beta of 1.39. Itron, Inc. has a 1-year low of $88.87 and a 1-year high of $124.90. The business's 50-day simple moving average is $102.47 and its 200-day simple moving average is $107.56.

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.