Dynamic Technology Lab Private Ltd bought a new position in Itron, Inc. (NASDAQ:ITRI) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 15,302 shares of the scientific and technical instruments company’s stock, valued at approximately $1,036,000.

Several other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Itron by 30.0% in the 1st quarter. Wells Fargo & Company MN now owns 47,204 shares of the scientific and technical instruments company’s stock worth $2,865,000 after acquiring an additional 10,888 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Itron in the 1st quarter worth about $175,000. Mason Street Advisors LLC increased its stake in shares of Itron by 7.2% in the 1st quarter. Mason Street Advisors LLC now owns 7,797 shares of the scientific and technical instruments company’s stock worth $473,000 after acquiring an additional 524 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Itron by 21.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after acquiring an additional 444 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Itron by 1.5% in the 1st quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after acquiring an additional 36 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

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Itron, Inc. (NASDAQ:ITRI) traded up 0.57% during mid-day trading on Monday, reaching $79.20. 16,457 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.07 billion, a P/E ratio of 98.02 and a beta of 1.10. The company’s 50-day moving average is $75.19 and its 200 day moving average is $69.62. Itron, Inc. has a one year low of $51.55 and a one year high of $79.55.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $503.10 million during the quarter, compared to analyst estimates of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities analysts predict that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

Several brokerages recently issued reports on ITRI. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 price target on shares of Itron in a research note on Friday, October 6th. JMP Securities set a $102.00 price target on shares of Itron and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price target (up from $74.00) on shares of Itron in a research note on Thursday, August 3rd. Four 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 target price of $81.78.

Itron Company Profile

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.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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