Assenagon Asset Management S.A. Has $11.59 Million Holdings in Itron, Inc. $ITRI

Assenagon Asset Management S.A. decreased its position in Itron, Inc. (NASDAQ:ITRI) by 54.4% in the first quarter, HoldingsChannel reports. The firm owned 129,294 shares of the scientific and technical instruments company’s stock after selling 154,538 shares during the period. Assenagon Asset Management S.A.’s holdings in Itron were worth $11,589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITRI. Pacer Advisors Inc. purchased a new stake in shares of Itron during the fourth quarter worth $12,864,000. Mercer Global Advisors Inc. ADV increased its position in Itron by 18.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,787 shares of the scientific and technical instruments company’s stock worth $259,000 after purchasing an additional 441 shares during the last quarter. XTX Topco Ltd acquired a new position in Itron in the 4th quarter worth about $1,032,000. Voloridge Investment Management LLC raised its stake in shares of Itron by 164.1% during the 4th quarter. Voloridge Investment Management LLC now owns 197,536 shares of the scientific and technical instruments company’s stock worth $18,343,000 after purchasing an additional 122,733 shares in the last quarter. Finally, Symmetry Investments LP purchased a new stake in shares of Itron during the 4th quarter worth about $3,334,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Trading Up 1.1%

Itron stock opened at $83.87 on Friday. The business has a 50 day moving average price of $83.71 and a two-hundred day moving average price of $91.39. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.73 and a beta of 1.33.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities analysts forecast that Itron, Inc. will post 6.01 EPS for the current year.

Insider Activity

In other news, SVP Donald L. Reeves III sold 319 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 transaction of $26,914.03. Following the transaction, the senior vice president directly owned 29,100 shares in the company, valued at approximately $2,455,167. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. This represents a 0.37% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 3,946 shares of company stock worth $324,420. Insiders own 1.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ITRI. TD Cowen cut their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Roth Mkm reissued a “buy” rating and issued a $136.00 target price on shares of Itron in a research report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Raymond James Financial started coverage on shares of Itron in a report on Tuesday, April 21st. They set an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and a consensus price target of $131.22.

About Itron

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.