Skandinaviska Enskilda Banken AB publ Has $1.58 Million Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 213.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,429 shares of the scientific and technical instruments company’s stock after buying an additional 9,823 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Itron were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ITRI. Louisiana State Employees Retirement System lifted its position in Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after buying an additional 100 shares in the last quarter. Quarry LP raised its holdings in shares of Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 102 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 102 shares in the last quarter. Stifel Financial Corp grew its stake in Itron by 2.2% in the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Itron by 6.1% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock worth $237,000 after purchasing an additional 125 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Itron

In other news, SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction 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 approximately $1,888,285.40. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $107.27, for a total value of $80,452.50. Following the sale, the director now directly owns 5,630 shares in the company, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock worth $385,815 over the last three months. 1.45% of the stock is currently owned by insiders.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $106.55 on Tuesday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 0.81 and a beta of 1.49. The business has a 50 day moving average price of $104.01 and a 200 day moving average price of $107.51. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. Itron, Inc. has a twelve month low of $86.45 and a twelve month high of $124.90.

Itron 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.