ProShare Advisors LLC Acquires 4,050 Shares of Itron, Inc. (NASDAQ:ITRI)

ProShare Advisors LLC increased its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 42.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,613 shares of the scientific and technical instruments company's stock after acquiring an additional 4,050 shares during the period. ProShare Advisors LLC's holdings in Itron were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GeoWealth Management LLC increased its holdings in Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 229 shares during the period. CoreCap Advisors LLC increased its holdings in Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after acquiring an additional 125 shares during the period. Hager Investment Management Services LLC bought a new stake in Itron during the 4th quarter worth approximately $67,000. Smartleaf Asset Management LLC increased its holdings in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 688 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Itron by 43.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,820 shares of the scientific and technical instruments company's stock worth $198,000 after acquiring an additional 548 shares during the period. Institutional investors own 96.19% of the company's stock.

Insider Buying and Selling at Itron

In other Itron news, CAO David Marshall Wright sold 317 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the sale, the chief accounting officer now owns 8,108 shares of the company's stock, valued at $753,233.20. This represents a 3.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the sale, the senior vice president now directly owns 20,326 shares of the company's stock, valued at $1,888,285.40. The trade was a 3.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,187 shares of company stock valued at $945,620 in the last quarter. Company insiders own 1.45% of the company's stock.

Itron Trading Up 0.3%

Shares of ITRI stock traded up $0.36 on Friday, hitting $112.63. 363,493 shares of the company's stock traded hands, compared to its average volume of 574,874. 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 one year low of $90.11 and a one year high of $124.90. The company's fifty day simple moving average is $106.18 and its 200 day simple moving average is $107.90. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 0.81 and a beta of 1.31.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.30 by $0.22. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. During the same quarter last year, the firm earned $1.24 EPS. The firm's quarterly revenue was up .6% compared to the same quarter last year. Equities analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ITRI shares. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a research report on Saturday. Piper Sandler dropped their target price on shares of Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Guggenheim reiterated a "buy" rating and set a $133.00 target price on shares of Itron in a research report on Thursday, April 17th. Canaccord Genuity Group lifted their target price 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. Finally, Oppenheimer lifted their target price on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Itron currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.36.

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.