Assenagon Asset Management S.A. Has $26.36 Million Stock Position in Itron, Inc. $ITRI

Assenagon Asset Management S.A. lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,832 shares of the scientific and technical instruments company’s stock after selling 122,186 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.62% of Itron worth $26,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 81 shares during the last quarter. Amalgamated Bank raised its position in shares of Itron by 0.7% in the third quarter. Amalgamated Bank now owns 13,060 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after purchasing an additional 86 shares during the period. PFG Investments LLC lifted its stake in shares of Itron by 4.8% during 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 during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of Itron by 3.5% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 3,398 shares of the scientific and technical instruments company’s stock worth $447,000 after buying an additional 115 shares during the period. Finally, Xponance Inc. boosted its holdings in shares of Itron by 3.2% during the 3rd quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock worth $468,000 after buying an additional 115 shares during the period. Institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ITRI. Robert W. Baird set a $128.00 price target on shares of Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Johnson Rice upgraded Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Monday, January 5th. Oppenheimer upped their target price on Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Guggenheim set a $155.00 target price on Itron in a research note on Friday, February 13th. Finally, Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.10.

Itron Stock Performance

NASDAQ ITRI opened at $93.54 on Thursday. The firm has a 50-day moving average price of $96.42 and a two-hundred day moving average price of $105.05. Itron, Inc. has a 12-month low of $88.57 and a 12-month high of $142.00. The company has a market capitalization of $4.15 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.80 and a beta of 1.44. The company has a quick ratio of 1.56, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

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

Insider Activity

In other news, SVP Justin K. Patrick sold 4,930 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $490,732.20. Following the sale, the senior vice president directly owned 34,344 shares of the company’s stock, valued at approximately $3,418,601.76. This represents a 12.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donald L. Reeves III sold 5,419 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $539,407.26. Following the completion of the transaction, the senior vice president owned 33,140 shares in the company, valued at $3,298,755.60. The trade was a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 51,180 shares of company stock worth $5,085,475. 1.45% of the stock is currently owned by insiders.

Itron Company Profile

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.