Erste Asset Management GmbH Sells 15,085 Shares of Itron, Inc. (NASDAQ:ITRI)

Erste Asset Management GmbH decreased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,144 shares of the scientific and technical instruments company’s stock after selling 15,085 shares during the period. Erste Asset Management GmbH’s holdings in Itron were worth $37,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC raised its position in shares of Itron by 105.9% in the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after acquiring an additional 10,001 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Itron by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after acquiring an additional 5,630 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Itron by 78.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock worth $660,000 after acquiring an additional 2,671 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Itron by 12.2% in the 3rd quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock worth $14,351,000 after acquiring an additional 14,590 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Itron in the 4th quarter worth approximately $301,000. Institutional investors own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ITRI. Oppenheimer increased their target price on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Canaccord Genuity Group raised their price objective on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler raised their price objective on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Finally, Guggenheim reduced their price objective on Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $215,713.80. Following the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at approximately $8,553,860.40. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares in the company, valued at approximately $753,233.20. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,037 shares of company stock worth $385,815. Insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $103.13 on Thursday. The business’s fifty day simple moving average is $104.38 and its two-hundred day simple moving average is $107.42. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 12 month low of $86.13 and a 12 month high of $124.90. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 0.81 and a beta of 1.49.

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.