Itron, Inc. (NASDAQ:ITRI) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 213.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,429 shares of the scientific and technical instruments company's stock after acquiring an additional 9,823 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Itron were worth $1,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Itron during the 4th quarter valued at about $30,000. Continuum Advisory LLC grew its stake in shares of Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 102 shares during the last quarter. Quarry LP grew its stake in shares of Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock worth $48,000 after acquiring an additional 102 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Itron during the fourth quarter valued at about $67,000. Finally, Contravisory Investment Management Inc. raised its position in shares of Itron by 154.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company's stock valued at $94,000 after purchasing an additional 525 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Itron news, Director Mary C. Hemmingsen sold 750 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total value of $80,452.50. Following the sale, the director now directly owns 5,630 shares in the company, valued at $603,930.10. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher E. Ware sold 648 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $60,199.20. Following the sale, the senior vice president now owns 20,326 shares of the company's stock, valued at $1,888,285.40. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,037 shares of company stock valued at $385,815. Corporate insiders own 1.45% of the company's stock.

Itron Trading Down 1.0 %

Shares of NASDAQ ITRI traded down $1.03 during midday trading on Friday, reaching $105.76. 842,968 shares of the stock were exchanged, compared to its average volume of 526,519. Itron, Inc. has a twelve month low of $87.91 and a twelve month high of $124.90. The stock has a market capitalization of $4.78 billion, a P/E ratio of 21.67, a PEG ratio of 0.81 and a beta of 1.49. The company has a 50 day simple moving average of $103.96 and a 200 day simple moving average of $107.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

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.