Itron, Inc. (NASDAQ:ITRI) Shares Sold by Swedbank AB

Swedbank AB lessened its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 60.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,300 shares of the scientific and technical instruments company's stock after selling 11,172 shares during the quarter. Swedbank AB's holdings in Itron were worth $793,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC lifted its stake in Itron by 25.7% in the second quarter. Squarepoint Ops LLC now owns 5,982 shares of the scientific and technical instruments company's stock worth $592,000 after acquiring an additional 1,223 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Itron by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,660 shares of the scientific and technical instruments company's stock worth $2,539,000 after purchasing an additional 1,003 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Itron by 9.3% during the 2nd quarter. Mackenzie Financial Corp now owns 3,066 shares of the scientific and technical instruments company's stock worth $303,000 after purchasing an additional 261 shares during the last quarter. Creative Planning grew its stake in shares of Itron by 27.2% during the second quarter. Creative Planning now owns 13,393 shares of the scientific and technical instruments company's stock worth $1,325,000 after purchasing an additional 2,867 shares in the last quarter. Finally, Quarry LP increased its holdings in Itron by 53.0% in the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock valued at $35,000 after buying an additional 122 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

ITRI traded down $0.60 during midday trading on Thursday, reaching $106.09. 324,399 shares of the company's stock were exchanged, compared to its average volume of 416,450. The business's 50-day moving average price is $109.25 and its 200 day moving average price is $107.03. The stock has a market capitalization of $4.78 billion, a PE ratio of 21.74, a P/E/G ratio of 0.89 and a beta of 1.46. Itron, Inc. has a 1-year low of $71.72 and a 1-year high of $124.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ITRI shares. TD Cowen boosted their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Robert W. Baird upped their price objective on Itron from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Roth Mkm lifted their target price on Itron from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Piper Sandler upped their price target on Itron from $110.00 to $119.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Itron currently has an average rating of "Moderate Buy" and an average price target of $123.92.

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.