BlackRock Inc. lifted its holdings in shares of Iteris Inc (NASDAQ:ITI) by 9.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,092,727 shares of the technology company’s stock after buying an additional 187,769 shares during the period. BlackRock Inc. owned about 5.40% of Iteris worth $10,819,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Iteris in the second quarter valued at $455,000. Strs Ohio increased its stake in shares of Iteris by 5.2% in the second quarter. Strs Ohio now owns 106,300 shares of the technology company’s stock valued at $549,000 after buying an additional 5,300 shares in the last quarter. Cowen Prime Services LLC increased its stake in shares of Iteris by 15.9% in the second quarter. Cowen Prime Services LLC now owns 1,618,028 shares of the technology company’s stock valued at $8,365,000 after buying an additional 221,786 shares in the last quarter. Brasada Capital Management LP acquired a new stake in shares of Iteris in the second quarter valued at $231,000. Finally, Emancipation Management LLC acquired a new stake in shares of Iteris in the second quarter valued at $310,000. 45.00% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on ITI shares. Zacks Investment Research lowered Iteris from a “hold” rating to a “sell” rating in a research note on Friday, September 13th. Northland Securities set a $9.00 target price on Iteris and gave the company a “buy” rating in a research note on Wednesday, October 9th. Dougherty & Co started coverage on Iteris in a research note on Tuesday, August 27th. They issued a “buy” rating and a $6.50 target price for the company. ValuEngine cut Iteris from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub upgraded Iteris from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $7.38.

Iteris stock opened at $5.14 on Monday. The business’s 50-day simple moving average is $5.56 and its 200 day simple moving average is $5.13. The stock has a market cap of $208.12 million, a price-to-earnings ratio of -46.73 and a beta of 0.29. Iteris Inc has a 12-month low of $3.24 and a 12-month high of $6.69. The company has a quick ratio of 2.46, a current ratio of 2.55 and a debt-to-equity ratio of 0.20.

Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $26.61 million for the quarter, compared to analysts’ expectations of $26.66 million. Iteris had a negative return on equity of 11.35% and a negative net margin of 7.79%. As a group, sell-side analysts expect that Iteris Inc will post -0.09 EPS for the current year.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

Read More: Why do companies engage in swaps?

Want to see what other hedge funds are holding ITI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iteris Inc (NASDAQ:ITI).

Institutional Ownership by Quarter for Iteris (NASDAQ:ITI)

Receive News & Ratings for Iteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iteris and related companies with MarketBeat.com's FREE daily email newsletter.