Assenagon Asset Management S.A. raised its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 160.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,710 shares of the scientific and technical instruments company's stock after buying an additional 207,416 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.76% of Itron worth $29,136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Itron by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company's stock worth $137,659,000 after acquiring an additional 265,039 shares during the last quarter. Geode Capital Management LLC grew its holdings in Itron by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company's stock valued at $106,340,000 after purchasing an additional 6,598 shares during the period. First Trust Advisors LP increased its position in Itron by 22.2% during the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company's stock worth $86,872,000 after purchasing an additional 176,053 shares during the last quarter. Norges Bank purchased a new position in Itron during the fourth quarter worth approximately $63,990,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Itron by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company's stock valued at $60,359,000 after purchasing an additional 73,020 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.
Itron Price Performance
ITRI stock opened at $103.75 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The firm has a market cap of $4.54 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. The stock has a 50-day simple moving average of $86.72 and a 200-day simple moving average of $89.98.
Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.Itron's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, equities analysts predict that Itron, Inc. will post 6.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on ITRI shares. Needham & Company LLC upped their price objective on Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Itron in a report on Wednesday. Stephens reissued an "overweight" rating and set a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. Raymond James Financial initiated coverage on Itron in a research note on Tuesday, April 21st. They set an "underperform" rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on Itron from $133.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $131.33.
View Our Latest Analysis on ITRI
Insider Activity
In related news, CFO Joan S. Hooper sold 442 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $37,291.54. Following the completion of the sale, the chief financial officer directly owned 117,478 shares of the company's stock, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of Itron stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the sale, the senior vice president directly owned 29,100 shares in the company, valued at $2,455,167. This trade represents a 1.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,822 shares of company stock worth $314,303 over the last 90 days. Company insiders own 1.77% of the company's stock.
About Itron
(
Free Report)
Itron, Inc NASDAQ: ITRI is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company's offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.
Itron's product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.
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