Dynamic Technology Lab Private Ltd Has $574,000 Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Dynamic Technology Lab Private Ltd reduced its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 67.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,290 shares of the scientific and technical instruments company's stock after selling 11,116 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Itron were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its position in shares of Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company's stock worth $2,367,000 after purchasing an additional 100 shares during the last quarter. Quarry LP grew its position in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 102 shares during the period. Continuum Advisory LLC increased its stake in shares of Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 102 shares during the last quarter. Stifel Financial Corp boosted its stake in Itron by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company's stock worth $526,000 after acquiring an additional 108 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in Itron by 6.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company's stock worth $237,000 after purchasing an additional 125 shares during the period. 96.19% of the stock is owned by institutional investors.

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Itron Stock Up 3.9 %

ITRI traded up $3.78 during trading on Friday, reaching $101.00. 823,443 shares of the stock were exchanged, compared to its average volume of 568,610. Itron, Inc. has a twelve month low of $88.87 and a twelve month high of $124.90. The stock has a market cap of $4.60 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock's 50 day moving average price is $102.47 and its two-hundred day moving average price is $107.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Insider Activity

In other news, Director Mary C. Hemmingsen sold 750 shares of the 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 transaction, the director now owns 5,630 shares in the company, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joan S. Hooper sold 2,322 shares of the business'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 $215,713.80. Following the completion of the sale, the chief financial officer now owns 92,076 shares of the company's stock, valued at $8,553,860.40. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 over the last three months. Insiders own 1.45% of the company's stock.

Analyst Upgrades and Downgrades

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

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.