UniSuper Management Pty Ltd Reduces Holdings in Itron, Inc. (NASDAQ:ITRI)

UniSuper Management Pty Ltd decreased its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,918 shares of the scientific and technical instruments company's stock after selling 8,200 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.14% of Itron worth $7,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Itron by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company's stock worth $114,835,000 after buying an additional 5,630 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Itron by 78.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company's stock valued at $660,000 after acquiring an additional 2,671 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Itron by 112.7% during the fourth quarter. Intech Investment Management LLC now owns 41,363 shares of the scientific and technical instruments company's stock worth $4,491,000 after purchasing an additional 21,919 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Itron by 12.2% during the third quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company's stock worth $14,351,000 after purchasing an additional 14,590 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Itron in the 4th quarter valued at about $301,000. 96.19% of the stock is owned by institutional investors and hedge funds.

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Itron Price Performance

Shares of Itron stock traded up $0.50 during trading on Tuesday, reaching $105.26. The company's stock had a trading volume of 59,285 shares, compared to its average volume of 553,333. The business has a 50 day moving average price of $104.20 and a 200-day moving average price of $108.05. The company has a market capitalization of $4.80 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 12-month low of $87.91 and a 12-month high of $124.90.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Itron

In related news, Director Mary C. Hemmingsen sold 750 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now owns 5,630 shares of the company's stock, valued at approximately $603,930.10. The trade was 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 link. Also, SVP Christopher E. Ware sold 648 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the transaction, the senior vice president now directly owns 20,326 shares of the company's stock, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,037 shares of company stock valued at $385,815. 1.45% of the stock is owned by company insiders.

Itron 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.