California State Teachers Retirement System Boosts Holdings in Itron, Inc. $ITRI

Key Points

• California State Teachers Retirement System increased its Itron stake by 28.3% in the first quarter, bringing its holdings to 55,042 shares valued at approximately $4.93 million. Institutional investors collectively own 96.19% of the company.
• Itron beat quarterly earnings expectations, reporting $1.59 in EPS versus the $1.29 consensus, though revenue fell 7.2% year over year to $562.9 million. The company issued full-year 2026 EPS guidance of $6.30–$6.50.
• Analyst sentiment remains favorable, with eight Buy ratings, four Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $131.33, above its reported $102.82 share price.

California State Teachers Retirement System grew its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 28.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,042 shares of the scientific and technical instruments company's stock after buying an additional 12,154 shares during the quarter. California State Teachers Retirement System owned 0.12% of Itron worth $4,933,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ITRI. Entropy Technologies LP lifted its holdings in Itron by 6.3% in the 1st quarter. Entropy Technologies LP now owns 8,278 shares of the scientific and technical instruments company's stock worth $742,000 after buying an additional 490 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Itron by 10.1% in the first quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company's stock worth $41,388,000 after buying an additional 42,300 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Itron by 12.2% during 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. Caxton Associates LLP bought a new stake in shares of Itron in the 1st quarter worth $2,212,000. Finally, Systematic Financial Management LP raised its stake in shares of Itron by 75.2% in the first quarter. Systematic Financial Management LP now owns 194,099 shares of the scientific and technical instruments company's stock worth $17,397,000 after purchasing an additional 83,301 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Itron Stock Performance

Shares of Itron stock opened at $102.82 on Friday. The company has a 50 day moving average price of $86.29 and a 200 day moving average price of $89.96. The firm has a market capitalization of $4.50 billion, a P/E ratio of 17.17, a PEG ratio of 0.86 and a beta of 1.30. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same period in the prior year, the company earned $1.62 earnings per share. The company's revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Itron, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling

In other Itron news, SVP John F. Marcolini sold 322 shares of Itron stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the sale, the senior vice president owned 24,689 shares of the company's stock, valued at $2,083,010.93. The trade was a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the sale, the chief financial officer owned 117,478 shares of the company's stock, valued at $9,911,618.86. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 3,946 shares of company stock worth $324,420. Insiders own 1.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ITRI. Needham & Company LLC raised their price target on shares of Itron from $116.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Itron in a research report on Friday, May 8th. Seaport Research Partners reiterated a "buy" rating and set a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. TD Cowen decreased their price objective on Itron from $145.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Finally, Oppenheimer boosted their price objective on shares of Itron from $133.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, April 16th. Eight 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 MarketBeat, Itron has an average rating of "Moderate Buy" and an average price target of $131.33.

Itron Profile

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.

Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source