11,574 Shares in Itron, Inc. (NASDAQ:ITRI) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,574 shares of the scientific and technical instruments company's stock, valued at approximately $1,212,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Itron in the fourth quarter worth about $64,615,000. Raiffeisen Bank International AG bought a new position in Itron during the 4th quarter valued at approximately $27,619,000. Wellington Management Group LLP grew its position in shares of Itron by 180.7% in the 4th quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company's stock worth $36,197,000 after buying an additional 214,600 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Itron during the fourth quarter valued at approximately $14,563,000. Finally, GAMMA Investing LLC boosted its stake in shares of Itron by 10,278.1% during the 1st quarter. GAMMA Investing LLC now owns 122,150 shares of the scientific and technical instruments company's stock valued at $12,796,000 after purchasing an additional 120,973 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Down 1.1%

ITRI opened at $123.18 on Friday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 0.79 and a beta of 1.35. The firm has a 50 day moving average price of $128.49 and a 200-day moving average price of $113.13. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $140.04. The company has a quick ratio of 1.65, a current ratio of 2.04 and a debt-to-equity ratio of 0.48.

Itron (NASDAQ:ITRI - Get Free Report) last announced its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The business had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Activity at Itron

In other Itron news, SVP Christopher E. Ware sold 339 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total value of $38,968.05. Following the transaction, the senior vice president directly owned 19,468 shares of the company's stock, valued at approximately $2,237,846.60. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Donald L. Reeves III sold 529 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total transaction of $60,808.55. Following the sale, the senior vice president directly owned 20,151 shares of the company's stock, valued at $2,316,357.45. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,905 shares of company stock valued at $2,439,202 in the last 90 days. 1.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ITRI has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Itron from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $128.00 to $145.00 in a research note on Thursday. TD Cowen lifted their price target on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Piper Sandler reduced their target price on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Roth Capital lifted their target price on shares of Itron from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.58.

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.

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