Xponance Inc. Has $363,000 Position in Itron, Inc. (NASDAQ:ITRI)

Xponance Inc. increased its stake in Itron, Inc. (NASDAQ:ITRI) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,341 shares of the scientific and technical instruments company’s stock after purchasing an additional 331 shares during the period. Xponance Inc.’s holdings in Itron were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ITRI. Geode Capital Management LLC lifted its stake 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 valued at $114,835,000 after acquiring an additional 5,630 shares during the period. Vontobel Holding Ltd. lifted its position in Itron by 8.1% during the 4th quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock valued at $50,467,000 after purchasing an additional 34,842 shares during the period. Erste Asset Management GmbH bought a new position in shares of Itron in the 3rd quarter valued at about $38,534,000. Franklin Resources Inc. boosted its stake in shares of Itron by 611.9% in the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock valued at $31,128,000 after purchasing an additional 243,102 shares during the last quarter. Finally, Soros Fund Management LLC grew its position in shares of Itron by 38.9% during the 3rd quarter. Soros Fund Management LLC now owns 275,000 shares of the scientific and technical instruments company’s stock worth $29,373,000 after buying an additional 77,050 shares during the period. 96.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction that occurred on 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 owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joan S. Hooper sold 2,322 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $215,713.80. Following the transaction, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at approximately $8,553,860.40. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,037 shares of company stock worth $385,815. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Down 0.8 %

Shares of ITRI stock opened at $107.36 on Thursday. Itron, Inc. has a 12-month low of $87.91 and a 12-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 firm has a fifty day moving average of $104.23 and a 200-day moving average of $107.85. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 0.81 and a beta of 1.49.

Analyst Ratings Changes

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

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.