Walleye Capital LLC Sells 20,469 Shares of Itron, Inc. (NASDAQ:ITRI)

Walleye Capital LLC cut its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 69.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,981 shares of the scientific and technical instruments company's stock after selling 20,469 shares during the period. Walleye Capital LLC's holdings in Itron were worth $959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in Itron by 62.7% in the third quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company's stock worth $96,106,000 after buying an additional 346,615 shares during the period. Select Equity Group L.P. lifted its stake in shares of Itron by 86.2% in the 2nd quarter. Select Equity Group L.P. now owns 603,877 shares of the scientific and technical instruments company's stock valued at $59,760,000 after purchasing an additional 279,629 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Itron by 90.7% during the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company's stock valued at $54,658,000 after purchasing an additional 243,355 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Itron by 1.5% in the third quarter. Vontobel Holding Ltd. now owns 429,945 shares of the scientific and technical instruments company's stock worth $45,922,000 after purchasing an additional 6,310 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in Itron by 9.3% in the third quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company's stock worth $42,550,000 after purchasing an additional 34,014 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Analyst Ratings Changes

ITRI has been the subject of a number of analyst reports. Roth Mkm raised their target price on shares of Itron from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Robert W. Baird lifted 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. Oppenheimer increased their target price on Itron from $120.00 to $124.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. TD Cowen lifted their price target on Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, BNP Paribas assumed coverage on shares of Itron in a research report on Thursday, September 5th. They set an "outperform" rating and a $133.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.92.

Itron Price Performance

Shares of ITRI traded up $0.12 during mid-day trading on Friday, reaching $115.92. The stock had a trading volume of 347,476 shares, compared to its average volume of 394,202. 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, Inc. has a 12 month low of $67.21 and a 12 month high of $124.90. The business has a fifty day moving average of $112.09 and a 200 day moving average of $105.68. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 0.89 and a beta of 1.46.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business had revenue of $615.46 million for the quarter, compared to analysts' expectations of $596.41 million. During the same quarter in the previous year, the company earned $0.98 EPS. The business's quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the transaction, the chief executive officer now owns 205,276 shares in the company, valued at $21,519,083.08. The trade was a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.45% of the stock is owned by insiders.

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.