Itron, Inc. (NASDAQ:ITRI) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC grew its position in Itron, Inc. (NASDAQ:ITRI) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,800 shares of the scientific and technical instruments company’s stock after buying an additional 2,017 shares during the quarter. EntryPoint Capital LLC’s holdings in Itron were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ITRI. Geode Capital Management LLC grew its position in Itron by 0.5% in the 3rd 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 in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of 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 valued at $50,467,000 after purchasing an additional 34,842 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Itron during the 3rd quarter worth approximately $38,534,000. Franklin Resources Inc. lifted its holdings in Itron by 611.9% during the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after buying an additional 243,102 shares in the last quarter. Finally, Soros Fund Management LLC boosted its position in Itron by 38.9% in the 3rd quarter. Soros Fund Management LLC now owns 275,000 shares of the scientific and technical instruments company’s stock valued at $29,373,000 after buying an additional 77,050 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Stock Up 2.6 %

ITRI opened at $108.56 on Tuesday. Itron, Inc. has a one year low of $87.91 and a one year high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The stock has a market capitalization of $4.95 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49. The business’s 50-day simple moving average is $104.11 and its 200-day simple moving average is $107.77.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now directly owns 20,326 shares in the company, valued at approximately $1,888,285.40. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the completion of the sale, the director now directly owns 5,630 shares of the company’s stock, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock valued at $385,815 over the last quarter. Company insiders own 1.45% of the company’s stock.

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.