Jennison Associates LLC Has $1.43 Million Position in Itron, Inc. $ITRI

Jennison Associates LLC lifted its holdings in Itron, Inc. (NASDAQ:ITRI) by 171.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,975 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,090 shares during the period. Jennison Associates LLC’s holdings in Itron were worth $1,432,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Itron by 18.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock valued at $118,034,000 after purchasing an additional 194,768 shares during the period. Geode Capital Management LLC increased its position in Itron by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock worth $106,340,000 after buying an additional 6,598 shares during the period. First Trust Advisors LP lifted its holdings in shares of Itron by 4.1% during the fourth quarter. First Trust Advisors LP now owns 793,175 shares of the scientific and technical instruments company’s stock worth $73,654,000 after buying an additional 31,088 shares during the last quarter. Norges Bank bought a new stake in shares of Itron in the fourth quarter valued at approximately $63,990,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Itron by 42.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock valued at $75,306,000 after acquiring an additional 180,366 shares during the period. Institutional investors own 96.19% of the company’s stock.

Insider Activity

In related news, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $27,167.14. Following the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the transaction, the senior vice president directly owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 3,946 shares of company stock worth $324,420. Corporate insiders own 1.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Roth Capital restated a “buy” rating and issued a $136.00 price target on shares of Itron in a research report on Wednesday, April 29th. Raymond James Financial assumed coverage on shares of Itron in a report on Tuesday, April 21st. They set an “underperform” rating on the stock. TD Cowen cut their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Itron currently has a consensus rating of “Hold” and a consensus price target of $131.22.

Itron Stock Down 1.1%

Shares of ITRI stock opened at $83.21 on Thursday. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The stock has a fifty day moving average price of $82.81 and a 200 day moving average price of $89.98. The stock has a market cap of $3.69 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The firm had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts predict that Itron, Inc. will post 6.01 earnings per share for the current year.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.