Peregrine Capital Management LLC Cuts Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Peregrine Capital Management LLC lowered its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,788 shares of the scientific and technical instruments company's stock after selling 7,390 shares during the period. Peregrine Capital Management LLC owned approximately 0.19% of Itron worth $9,098,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Itron by 6.4% during the fourth quarter. Principal Financial Group Inc. now owns 263,972 shares of the scientific and technical instruments company's stock worth $28,662,000 after acquiring an additional 15,895 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of 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 buying an additional 125 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Itron by 8.1% in the fourth 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 in the last quarter. Legato Capital Management LLC lifted its stake in shares of Itron by 11.9% in the fourth quarter. Legato Capital Management LLC now owns 18,057 shares of the scientific and technical instruments company's stock worth $1,961,000 after buying an additional 1,923 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Itron by 0.5% in the fourth 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 buying an additional 100 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Stock Performance

ITRI stock traded down $3.75 during midday trading on Friday, reaching $93.94. 885,856 shares of the company's stock traded hands, compared to its average volume of 500,531. The stock's 50-day moving average is $105.60 and its 200 day moving average is $106.72. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The stock has a market cap of $4.24 billion, a P/E ratio of 19.25, a PEG ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 52-week low of $73.64 and a 52-week high of $124.90.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Roth Mkm upped their target price on shares of Itron from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Oppenheimer upped their target price on shares of Itron from $120.00 to $124.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Itron from a "buy" rating to a "strong-buy" rating in a research note on Friday. Robert W. Baird upped their target price on shares of Itron from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, TD Cowen upped their target price on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Itron currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.92.

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.