Counterpoint Mutual Funds LLC Has $393,000 Stock Position in Itron, Inc. (NASDAQ:ITRI)

Counterpoint Mutual Funds LLC increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 37.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,621 shares of the scientific and technical instruments company’s stock after purchasing an additional 989 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Itron were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ITRI. Erste Asset Management GmbH acquired a new stake in Itron in the 3rd quarter valued at about $38,534,000. Bowen Hanes & Co. Inc. acquired a new stake in Itron in the 4th quarter valued at about $27,486,000. Franklin Resources Inc. increased its position in Itron by 611.9% in the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock valued at $31,128,000 after acquiring an additional 243,102 shares in the last quarter. Banco Santander S.A. increased its position in Itron by 4,133.3% in the 3rd quarter. Banco Santander S.A. now owns 190,500 shares of the scientific and technical instruments company’s stock valued at $20,347,000 after acquiring an additional 186,000 shares in the last quarter. Finally, Soros Fund Management LLC increased its position in Itron by 38.9% in the 3rd quarter. Soros Fund Management LLC now owns 275,000 shares of the scientific and technical instruments company’s stock valued at $29,373,000 after acquiring an additional 77,050 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Up 1.9 %

Itron stock opened at $106.55 on Tuesday. The company’s 50 day simple moving average is $104.01 and its 200 day simple moving average is $107.51. Itron, Inc. has a fifty-two week low of $86.45 and a fifty-two week high of $124.90. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 0.81 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Itron news, SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO David Marshall Wright sold 317 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares in the company, valued at $753,233.20. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock valued at $385,815 in the last 90 days. 1.45% of the stock is owned by insiders.

About Itron

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.