NN Investment Partners Holdings N.V. cut its position in Itron, Inc. (NASDAQ:ITRI) by 30.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,944 shares of the scientific and technical instruments company’s stock after selling 4,900 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Itron were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after buying an additional 36 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 444 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Itron during the first quarter valued at about $175,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.

Itron, Inc. (NASDAQ:ITRI) traded down 2.06% during trading on Friday, hitting $71.15. 241,683 shares of the company’s stock were exchanged. Itron, Inc. has a 12-month low of $47.20 and a 12-month high of $75.60. The company’s 50-day moving average price is $71.69 and its 200 day moving average price is $66.01. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 88.06 and a beta of 1.10.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Equities analysts forecast that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

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Several analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $84.00 target price (up from $74.00) on shares of Itron in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Cowen and Company set a $74.00 target price on shares of Itron and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $78.00 target price (up from $75.00) on shares of Itron in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Itron currently has an average rating of “Buy” and an average price target of $79.00.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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