Swiss National Bank Sells 1,000 Shares of Itron, Inc. (NASDAQ:ITRI)

Swiss National Bank reduced its holdings in shares of Itron, Inc. (NASDAQ:ITRIGet Rating) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,000 shares of the scientific and technical instruments company’s stock after selling 1,000 shares during the quarter. Swiss National Bank owned approximately 0.23% of Itron worth $5,240,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ITRI. EverSource Wealth Advisors LLC raised its stake in shares of Itron by 105.3% in the second quarter. EverSource Wealth Advisors LLC now owns 698 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 358 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Itron in the first quarter valued at $36,000. Nisa Investment Advisors LLC raised its stake in shares of Itron by 122.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the scientific and technical instruments company’s stock valued at $54,000 after buying an additional 600 shares during the period. US Bancorp DE raised its stake in shares of Itron by 30.7% in the first quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock valued at $54,000 after buying an additional 244 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Itron by 314.3% in the first quarter. Captrust Financial Advisors now owns 1,707 shares of the scientific and technical instruments company’s stock valued at $90,000 after buying an additional 1,295 shares during the period. 97.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Thomas Deitrich sold 2,605 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $47.66, for a total transaction of $124,154.30. Following the completion of the transaction, the chief executive officer now directly owns 146,997 shares in the company, valued at $7,005,877.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.37% of the stock is owned by company insiders.

Itron Price Performance

Itron stock opened at $52.75 on Friday. Itron, Inc. has a 52 week low of $39.38 and a 52 week high of $70.67. The business has a 50-day simple moving average of $47.29 and a 200 day simple moving average of $49.13. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -26.24 and a beta of 1.30.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ITRI. Raymond James lowered their target price on Itron from $68.00 to $57.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 4th. Cowen reduced their price target on Itron to $68.00 in a research report on Tuesday, August 9th. Morgan Stanley reduced their price target on Itron from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. JPMorgan Chase & Co. reduced their price target on Itron from $65.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, October 20th. Finally, Stephens cut Itron from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $65.00 to $55.00 in a research report on Friday, August 5th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.13.

Itron Company Profile

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Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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