Itron, Inc. (NASDAQ:ITRI) CFO Sells $215,713.80 in Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Itron Trading Up 9.9 %

ITRI opened at $101.81 on Wednesday. Itron, Inc. has a twelve month low of $83.60 and a twelve 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 has a fifty day moving average of $104.99 and a 200-day moving average of $106.84. The stock has a market cap of $4.59 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ITRI. Oppenheimer increased their price objective 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. Roth Mkm upped their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Guggenheim upped their price target on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird upped their price target on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.92.

Institutional Investors Weigh In On Itron

Large investors have recently modified their holdings of the company. GTS Securities LLC acquired a new stake in Itron in the fourth quarter worth $288,000. Vise Technologies Inc. grew its holdings in Itron by 18.4% in the fourth quarter. Vise Technologies Inc. now owns 2,456 shares of the scientific and technical instruments company’s stock worth $267,000 after purchasing an additional 381 shares during the period. Squarepoint Ops LLC grew its holdings in Itron by 52.6% in the fourth quarter. Squarepoint Ops LLC now owns 139,538 shares of the scientific and technical instruments company’s stock worth $15,151,000 after purchasing an additional 48,084 shares during the period. Tema Etfs LLC acquired a new stake in Itron in the fourth quarter worth $517,000. Finally, SIR Capital Management L.P. grew its holdings in Itron by 25.6% in the fourth quarter. SIR Capital Management L.P. now owns 59,305 shares of the scientific and technical instruments company’s stock worth $6,439,000 after purchasing an additional 12,105 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

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.