Itron, Inc. (NASDAQ:ITRI) SVP Christopher E. Ware Sells 648 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

Itron Stock Down 0.8 %

Itron stock opened at $106.89 on Friday. The company has a market capitalization of $4.82 billion, a P/E ratio of 21.90, a PEG ratio of 0.81 and a beta of 1.46. 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 fifty-two week low of $86.13 and a fifty-two week high of $124.90. The stock has a 50-day simple moving average of $104.98 and a 200-day simple moving average of $106.85.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Virtue Capital Management LLC grew its position in shares of Itron by 5.4% during the fourth quarter. Virtue Capital Management LLC now owns 8,249 shares of the scientific and technical instruments company’s stock worth $896,000 after acquiring an additional 419 shares during the last quarter. GTS Securities LLC acquired a new stake in Itron during the 4th quarter worth $288,000. Vise Technologies Inc. boosted its stake in Itron by 18.4% during the 4th quarter. Vise Technologies Inc. now owns 2,456 shares of the scientific and technical instruments company’s stock worth $267,000 after purchasing an additional 381 shares during the period. Squarepoint Ops LLC grew its position in Itron by 52.6% during the 4th quarter. Squarepoint Ops LLC now owns 139,538 shares of the scientific and technical instruments company’s stock worth $15,151,000 after purchasing an additional 48,084 shares during the last quarter. Finally, Tema Etfs LLC acquired a new position in Itron in the fourth quarter valued at $517,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Roth Mkm raised their target price on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler lifted their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen boosted their target price on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group raised their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

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.