Itron, Inc. (NASDAQ:ITRI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its stake in Itron, Inc. (NASDAQ:ITRI) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,880 shares of the scientific and technical instruments company’s stock after selling 439 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Itron were worth $204,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ITRI. Continuum Advisory LLC raised its position in Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares during the last quarter. Quarry LP boosted its stake in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares during the last quarter. Covestor Ltd boosted its stake in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 111 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Itron during the 4th quarter worth about $67,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary C. Hemmingsen sold 750 shares of the business’s 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 completion of the sale, the director now owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. The trade was a 11.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher E. Ware sold 648 shares of the business’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 $60,199.20. Following the completion of the sale, the senior vice president now owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,037 shares of company stock valued at $385,815. 1.45% of the stock is owned by corporate insiders.

Itron Trading Down 0.3 %

Shares of ITRI opened at $105.82 on Friday. The business’s 50-day moving average price is $104.66 and its 200 day moving average price is $107.21. The stock has a market capitalization of $4.78 billion, a P/E ratio of 21.68, a P/E/G ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Canaccord Genuity Group raised their price target on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Oppenheimer raised their price target on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Guggenheim decreased their price objective on shares of 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 Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Finally, Piper Sandler lifted their price objective on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research note 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

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.