New York State Teachers Retirement System Trims Position in Itron, Inc. (NASDAQ:ITRI)

New York State Teachers Retirement System cut its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,204 shares of the scientific and technical instruments company’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned 0.14% of Itron worth $6,646,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ITRI. Erste Asset Management GmbH purchased a new stake in Itron in the third quarter worth $38,534,000. Assenagon Asset Management S.A. grew its stake in Itron by 90.7% in the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after purchasing an additional 243,355 shares during the period. Franklin Resources Inc. grew its stake in Itron by 611.9% in the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after purchasing an additional 243,102 shares during the period. Banco Santander S.A. grew its stake in Itron by 4,133.3% in the third quarter. Banco Santander S.A. now owns 190,500 shares of the scientific and technical instruments company’s stock worth $20,347,000 after purchasing an additional 186,000 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Itron by 41.6% in the third quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock worth $30,305,000 after purchasing an additional 83,328 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Performance

NASDAQ:ITRI opened at $97.81 on Thursday. Itron, Inc. has a 1 year low of $73.64 and a 1 year high of $124.90. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 0.80 and a beta of 1.46. The stock’s 50 day simple moving average is $106.24 and its two-hundred day simple moving average is $106.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ITRI shares. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird increased their target price on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Oppenheimer increased their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler increased their target price on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Roth Mkm increased their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

About Itron

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.