Intech Investment Management LLC Makes New Investment in Iteris, Inc. (NASDAQ:ITI)

Intech Investment Management LLC acquired a new stake in Iteris, Inc. (NASDAQ:ITI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,871 shares of the technology company’s stock, valued at approximately $78,000.

A number of other institutional investors also recently modified their holdings of ITI. Access Investment Management LLC boosted its holdings in Iteris by 67.7% in the third quarter. Access Investment Management LLC now owns 4,570 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,845 shares in the last quarter. Bfsg LLC raised its position in shares of Iteris by 31.4% during the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,038 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Iteris in the 2nd quarter worth $91,000. SG Americas Securities LLC acquired a new stake in Iteris in the 3rd quarter valued at $125,000. Finally, Forum Financial Management LP bought a new stake in Iteris during the 3rd quarter valued at $279,000. Institutional investors and hedge funds own 51.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Maxim Group reissued a “hold” rating on shares of Iteris in a report on Monday, August 12th. B. Riley reaffirmed a “neutral” rating and set a $7.20 target price (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st. Finally, StockNews.com assumed coverage on Iteris in a research report on Monday, December 2nd. They issued a “buy” rating for the company.

Iteris Price Performance

Shares of NASDAQ:ITI opened at $7.19 on Monday. The firm has a market capitalization of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. The company has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $6.08. Iteris, Inc. has a twelve month low of $4.00 and a twelve month high of $7.20.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.