Itron, Inc. (NASDAQ:ITRI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,248 shares of the scientific and technical instruments company's stock after purchasing an additional 15,392 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.29% of Itron worth $9,835,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. LPL Financial LLC lifted its stake in shares of Itron by 1.4% in the first quarter. LPL Financial LLC now owns 12,430 shares of the scientific and technical instruments company's stock valued at $689,000 after purchasing an additional 175 shares during the period. Arizona State Retirement System lifted its stake in shares of Itron by 1.4% in the third quarter. Arizona State Retirement System now owns 12,933 shares of the scientific and technical instruments company's stock valued at $783,000 after purchasing an additional 180 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Itron by 0.4% in the third quarter. Advisors Asset Management Inc. now owns 41,337 shares of the scientific and technical instruments company's stock valued at $2,504,000 after purchasing an additional 180 shares during the period. Pathstone Family Office LLC lifted its stake in shares of Itron by 2.0% in the third quarter. Pathstone Family Office LLC now owns 9,275 shares of the scientific and technical instruments company's stock valued at $562,000 after purchasing an additional 185 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Itron by 2.4% in the second quarter. Captrust Financial Advisors now owns 7,895 shares of the scientific and technical instruments company's stock valued at $569,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 96.19% of the company's stock.

Insider Activity at Itron

In other Itron news, Director Jerome J. Lande sold 14,896 shares of Itron stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $95.25, for a total transaction of $1,418,844.00. Following the transaction, the director now directly owns 5,750 shares of the company's stock, valued at $547,687.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Donald L. Reeves III sold 502 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $91.02, for a total transaction of $45,692.04. Following the transaction, the senior vice president now directly owns 16,427 shares of the company's stock, valued at $1,495,185.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jerome J. Lande sold 14,896 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $95.25, for a total transaction of $1,418,844.00. Following the transaction, the director now directly owns 5,750 shares in the company, valued at $547,687.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,467 shares of company stock worth $2,752,520. 1.45% of the stock is owned by company insiders.

Itron Trading Down 0.9 %

Itron stock traded down $0.81 during trading on Friday, reaching $89.68. The company had a trading volume of 328,393 shares, compared to its average volume of 362,709. Itron, Inc. has a 12-month low of $50.60 and a 12-month high of $96.73. The stock's 50 day moving average price is $87.90 and its two-hundred day moving average price is $74.91. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 1.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.95.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Monday, February 26th. The scientific and technical instruments company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.48. Itron had a net margin of 4.46% and a return on equity of 12.27%. The firm had revenue of $577.17 million during the quarter, compared to the consensus estimate of $569.90 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Itron's revenue was up 23.5% compared to the same quarter last year. As a group, equities analysts expect that Itron, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James cut shares of Itron from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 4th. Canaccord Genuity Group upgraded shares of Itron from a "hold" rating to a "buy" rating and raised their target price for the company from $68.00 to $105.00 in a report on Tuesday, February 27th. Oppenheimer upgraded shares of Itron from a "market perform" rating to an "outperform" rating and set a $81.00 target price for the company in a report on Friday, January 19th. TD Cowen raised their target price on shares of Itron from $107.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, March 13th. Finally, Canaccord Genuity Group upgraded shares of Itron from a "hold" rating to a "buy" rating and raised their target price for the company from $68.00 to $105.00 in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.60.

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.