Itron, Inc. (NASDAQ:ITRI) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,991 shares of the scientific and technical instruments company's stock after selling 2,577 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.16% of Itron worth $7,600,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its position in Itron by 276.6% during the fourth quarter. Lazard Asset Management LLC now owns 26,408 shares of the scientific and technical instruments company's stock worth $2,867,000 after acquiring an additional 19,395 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Itron by 2.4% during the 4th quarter. Janus Henderson Group PLC now owns 536,288 shares of the scientific and technical instruments company's stock worth $58,233,000 after purchasing an additional 12,810 shares during the last quarter. Ethic Inc. grew its position in shares of Itron by 21.2% in the fourth quarter. Ethic Inc. now owns 3,846 shares of the scientific and technical instruments company's stock valued at $418,000 after purchasing an additional 673 shares in the last quarter. FWL Investment Management LLC boosted its stake in Itron by 13.1% during the fourth quarter. FWL Investment Management LLC now owns 5,894 shares of the scientific and technical instruments company's stock worth $640,000 after buying an additional 681 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Itron by 6.4% in the 4th quarter. Deutsche Bank AG now owns 260,360 shares of the scientific and technical instruments company's stock valued at $28,270,000 after buying an additional 15,717 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ITRI shares. Canaccord Genuity Group boosted their price target on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Guggenheim reissued a "buy" rating and issued a $133.00 price target on shares of Itron in a research note on Thursday, April 17th. Oppenheimer raised their price target on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. StockNews.com cut Itron from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st. Finally, Piper Sandler lowered their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.36.

Insider Activity

In other Itron news, CAO David Marshall Wright sold 317 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares of the company's stock, valued at $753,233.20. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher E. Ware sold 648 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following 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 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 9,187 shares of company stock valued at $945,620. 1.45% of the stock is currently owned by company insiders.

Itron Trading Up 0.8%

NASDAQ:ITRI traded up $0.94 during trading hours on Tuesday, reaching $114.93. 666,234 shares of the stock were exchanged, compared to its average volume of 572,877. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $124.90. The business has a 50-day moving average of $105.71 and a two-hundred day moving average of $108.01. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.81 and a beta of 1.31. 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 (NASDAQ:ITRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.22. The company had revenue of $607.15 million during the quarter, compared to analysts' expectations of $608.86 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. Itron's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. On average, equities analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

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.