Olympiad Research LP Has $298,000 Stake in Itron, Inc. (NASDAQ:ITRI)

Olympiad Research LP boosted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 29.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,740 shares of the scientific and technical instruments company’s stock after acquiring an additional 622 shares during the period. Olympiad Research LP’s holdings in Itron were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in shares of Itron by 105.9% during the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after purchasing an additional 10,001 shares during the period. Geode Capital Management LLC increased its holdings in shares of Itron by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after purchasing an additional 5,630 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Itron by 78.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock worth $660,000 after purchasing an additional 2,671 shares during the period. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of Itron during the 3rd quarter worth about $5,994,000. Finally, Systematic Financial Management LP increased its holdings in shares of Itron by 12.2% during the 3rd quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock worth $14,351,000 after purchasing an additional 14,590 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ITRI. Guggenheim boosted their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. TD Cowen boosted their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird upped their target price on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler upped their target price on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Oppenheimer upped their target price on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Price Performance

NASDAQ:ITRI opened at $93.94 on Friday. The firm has a market cap of $4.24 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 12 month low of $73.64 and a 12 month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $105.60 and its two-hundred day moving average price is $106.78.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.