Jump Financial LLC Decreases Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Jump Financial LLC trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 92.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,036 shares of the scientific and technical instruments company's stock after selling 25,580 shares during the quarter. Jump Financial LLC's holdings in Itron were worth $221,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ITRI. Norges Bank bought a new position in shares of Itron in the fourth quarter worth approximately $64,615,000. Vontobel Holding Ltd. increased its holdings in shares of Itron by 8.1% in the 4th quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company's stock worth $50,467,000 after buying an additional 34,842 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Itron by 85.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,484 shares of the scientific and technical instruments company's stock worth $46,199,000 after acquiring an additional 196,396 shares during the last quarter. Renaissance Technologies LLC increased its stake in Itron by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 350,461 shares of the scientific and technical instruments company's stock worth $38,053,000 after acquiring an additional 10,400 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Itron by 22.8% during the fourth quarter. Franklin Resources Inc. now owns 347,203 shares of the scientific and technical instruments company's stock worth $37,699,000 after acquiring an additional 64,375 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Up 1.1 %

Shares of NASDAQ:ITRI opened at $110.41 on Monday. Itron, Inc. has a 52-week low of $90.03 and a 52-week high of $124.90. The stock has a market cap of $5.03 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The business's 50 day moving average is $103.10 and its 200 day moving average is $107.44. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

Analyst Upgrades and Downgrades

ITRI has been the topic of several analyst reports. Guggenheim reissued a "buy" rating and set a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Piper Sandler boosted their price objective on Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Oppenheimer boosted their price objective on Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. StockNews.com cut Itron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Finally, Canaccord Genuity Group upped their target price on Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $215,713.80. Following the sale, the chief financial officer now owns 92,076 shares of the company's stock, valued at approximately $8,553,860.40. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David Marshall Wright sold 317 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 value of $29,449.30. Following the sale, the chief accounting officer now directly owns 8,108 shares in the company, valued at $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock valued at $385,815 over the last quarter. 1.45% of the stock is owned by corporate insiders.

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.

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