UniSuper Management Pty Ltd Sells 8,200 Shares of Itron, Inc. (NASDAQ:ITRI)

UniSuper Management Pty Ltd reduced its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 64,918 shares of the scientific and technical instruments company’s stock after selling 8,200 shares during the period. UniSuper Management Pty Ltd owned about 0.14% of Itron worth $7,049,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Itron by 0.5% during the third 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 last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in 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 valued at $660,000 after buying an additional 2,671 shares in the last quarter. Intech Investment Management LLC boosted its position in Itron by 112.7% in the 4th quarter. Intech Investment Management LLC now owns 41,363 shares of the scientific and technical instruments company’s stock valued at $4,491,000 after buying an additional 21,919 shares during the period. Systematic Financial Management LP grew its stake in Itron by 12.2% in 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 acquiring an additional 14,590 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Itron during the fourth quarter worth approximately $301,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity at Itron

In other news, CFO Joan S. Hooper sold 2,322 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $215,713.80. Following the sale, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at $8,553,860.40. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the transaction, the senior vice president now owns 20,326 shares of the company’s stock, valued at $1,888,285.40. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock valued at $385,815 in the last ninety days. Corporate insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ITRI. Canaccord Genuity Group boosted their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Guggenheim dropped their price target on Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Piper Sandler upped their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Oppenheimer raised their target price on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

Itron Stock Performance

Shares of ITRI stock opened at $105.24 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.80 billion, a PE ratio of 21.57, a PEG ratio of 0.81 and a beta of 1.49. Itron, Inc. has a 12-month low of $87.91 and a 12-month high of $124.90. The business’s fifty day simple moving average is $104.24 and its 200-day simple moving average is $107.83.

Itron Company Profile

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.