Itron, Inc. (NASDAQ:ITRI) Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in Itron, Inc. (NASDAQ:ITRI) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,249 shares of the scientific and technical instruments company’s stock after selling 1,257 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Itron were worth $1,981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC raised its position in Itron by 6.1% in the fourth 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 acquiring an additional 125 shares in the last quarter. Vontobel Holding Ltd. raised its position in Itron by 8.1% in the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock worth $50,467,000 after acquiring an additional 34,842 shares in the last quarter. Legato Capital Management LLC raised its position in Itron by 11.9% in the fourth quarter. Legato Capital Management LLC now owns 18,057 shares of the scientific and technical instruments company’s stock worth $1,961,000 after acquiring an additional 1,923 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Itron by 0.5% in the fourth 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 acquiring an additional 100 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC raised its position in Itron by 9.7% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 3,814 shares of the scientific and technical instruments company’s stock worth $414,000 after acquiring an additional 338 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ITRI has been the topic of several research reports. Roth Mkm boosted their price target on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target 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 lifted their price target on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Guggenheim lifted their price target on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised Itron from a “buy” rating to a “strong-buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Trading Down 3.8 %

NASDAQ:ITRI opened at $93.94 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a fifty-two week low of $73.64 and a fifty-two week high of $124.90. The stock’s 50-day moving average is $105.60 and its two-hundred day moving average is $106.86. The stock has a market cap of $4.24 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

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.