BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 102,946 Shares of Itron, Inc. $ITRI

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Itron, Inc. (NASDAQ:ITRI) by 229.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,875 shares of the scientific and technical instruments company’s stock after acquiring an additional 102,946 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.32% of Itron worth $18,420,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ITRI. EverSource Wealth Advisors LLC increased its stake in shares of Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares in the last quarter. Amalgamated Bank boosted its holdings in Itron by 0.7% in the 3rd quarter. Amalgamated Bank now owns 13,060 shares of the scientific and technical instruments company’s stock worth $1,627,000 after buying an additional 86 shares during the period. PFG Investments LLC increased its stake in Itron by 4.8% in the 3rd quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company’s stock worth $256,000 after buying an additional 94 shares in the last quarter. Elevation Point Wealth Partners LLC raised its holdings in Itron by 3.5% during the second quarter. Elevation Point Wealth Partners LLC now owns 3,398 shares of the scientific and technical instruments company’s stock valued at $447,000 after acquiring an additional 115 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Itron by 6.0% in the second quarter. J.W. Cole Advisors Inc. now owns 2,056 shares of the scientific and technical instruments company’s stock valued at $271,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ITRI. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Oppenheimer lifted their price objective on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday. Argus reissued a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the company an “outperform” rating in a research note on Wednesday. Finally, Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Monday, January 5th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.90.

Trending Headlines about Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q4 results and operational commentary beat expectations — Itron reported stronger-than-expected EPS, margin expansion, solid bookings and noted recurring-revenue acceleration and segment expansion that investors cheered. That drove an initial gap up in shares after the print. Itron Shares Jump 8% on Q4 Earnings Beat, Revenues Fall Y/Y
• Positive Sentiment: Analyst upgrade from Robert W. Baird — Baird moved ITRI from Neutral to Outperform and raised its price target to $128 (from $118), citing the grid-modernization opportunity and stronger recurring revenue trends. The upgrade and higher PT provide upside support to the stock. Itron just upgraded at Baird — here’s why
• Neutral Sentiment: Analyst coverage roundup — multiple outlets published analyst commentary and roundups that summarize mixed views on the stock; these pieces consolidate sell-side views but add little new near-term catalyst on their own. Where Itron Stands With Analysts
• Neutral Sentiment: Short-interest data flagged but appears erroneous — a February short-interest entry shows 0 shares and a 0.0 days-to-cover ratio, which likely reflects a reporting/data error rather than a real change in short positioning; investors should watch for corrected filings.
• Negative Sentiment: Bearish/valuation critique — at least one detailed analysis argues that despite cheap relative multiples the shares don’t yet justify an upgrade, highlighting risks around revenue declines, potential FY dilution from new initiatives, and uncertainty on sustainable growth. That commentary can temper momentum from the earnings beat and upgrade. Itron: Despite A Cheap Relative Valuation, Shares Don’t Justify An Upgrade Now

Insider Activity at Itron

In other news, CFO Joan S. Hooper sold 948 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $91,491.48. Following the completion of the sale, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald L. Reeves III sold 536 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $51,729.36. Following the completion of the transaction, the senior vice president directly owned 19,068 shares in the company, valued at $1,840,252.68. This represents a 2.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,113 shares of company stock worth $301,678 over the last quarter. 1.45% of the stock is owned by insiders.

Itron Trading Down 0.5%

Shares of ITRI stock opened at $99.11 on Friday. The company has a market cap of $4.45 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48. The stock’s 50 day simple moving average is $97.65 and its two-hundred day simple moving average is $110.32. Itron, Inc. has a 1 year low of $88.57 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.91.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. During the same quarter in the previous year, the business posted $1.35 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Research analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

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.