Swiss National Bank Sells 1,000 Shares of Itron, Inc. (NASDAQ:ITRI)

Swiss National Bank decreased its holdings in shares of Itron, Inc. (NASDAQ:ITRIGet Rating) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 106,000 shares of the scientific and technical instruments company’s stock after selling 1,000 shares during the quarter. Swiss National Bank’s holdings in Itron were worth $5,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. raised its position in Itron by 21.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 25,288 shares of the scientific and technical instruments company’s stock valued at $1,250,000 after purchasing an additional 4,397 shares during the last quarter. Fort Sheridan Advisors LLC bought a new position in Itron during the 2nd quarter valued at approximately $257,000. Trillium Asset Management LLC raised its position in Itron by 2.3% during the 2nd quarter. Trillium Asset Management LLC now owns 150,089 shares of the scientific and technical instruments company’s stock valued at $7,419,000 after purchasing an additional 3,343 shares during the last quarter. Texas Permanent School Fund raised its position in Itron by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 32,595 shares of the scientific and technical instruments company’s stock valued at $1,611,000 after purchasing an additional 499 shares during the last quarter. Finally, M&T Bank Corp raised its position in Itron by 17.5% during the 2nd quarter. M&T Bank Corp now owns 5,145 shares of the scientific and technical instruments company’s stock valued at $253,000 after purchasing an additional 766 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

Itron Stock Performance

Itron stock opened at $52.75 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.38 billion, a P/E ratio of -26.24 and a beta of 1.30. The stock’s 50 day moving average is $47.29 and its 200 day moving average is $49.13. Itron, Inc. has a twelve month low of $39.38 and a twelve month high of $70.67.

Insider Buying and Selling

In related news, CEO Thomas Deitrich sold 2,605 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $47.66, for a total value of $124,154.30. Following the sale, the chief executive officer now owns 146,997 shares in the company, valued at approximately $7,005,877.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James lowered their price target on Itron from $68.00 to $57.00 and set a “strong-buy” rating for the company in a research report on Friday, November 4th. Stephens downgraded Itron from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $65.00 to $55.00 in a report on Friday, August 5th. Cowen reduced their target price on Itron to $68.00 in a report on Tuesday, August 9th. Morgan Stanley reduced their target price on Itron from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on Itron from $65.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, October 20th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.13.

Itron Company Profile

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Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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