Hanseatic Management Services Inc. boosted its stake in Itron, Inc. (NASDAQ:ITRI) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,807 shares of the scientific and technical instruments company’s stock after acquiring an additional 61 shares during the quarter. Hanseatic Management Services Inc. owned 0.06% of Itron worth $1,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ITRI. Nationwide Fund Advisors lifted its position in Itron by 41.9% in the 1st quarter. Nationwide Fund Advisors now owns 43,596 shares of the scientific and technical instruments company’s stock valued at $2,646,000 after acquiring an additional 12,863 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Itron by 36.1% in the 1st quarter. Russell Investments Group Ltd. now owns 45,846 shares of the scientific and technical instruments company’s stock valued at $2,782,000 after buying an additional 12,157 shares during the last quarter. Wells Fargo & Company MN increased its stake in Itron by 30.0% in the 1st quarter. Wells Fargo & Company MN now owns 47,204 shares of the scientific and technical instruments company’s stock valued at $2,865,000 after buying an additional 10,888 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Itron by 6.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 47,175 shares of the scientific and technical instruments company’s stock valued at $2,861,000 after buying an additional 2,881 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Itron by 2.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,967 shares of the scientific and technical instruments company’s stock valued at $1,394,000 after buying an additional 541 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity lowered shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a research note on Tuesday. Robert W. Baird reiterated a “hold” rating and issued a $77.00 price target on shares of Itron in a research note on Tuesday, September 12th. Argus reiterated a “buy” rating and issued a $80.00 price target (up from $78.00) on shares of Itron in a research note on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $78.00 price target (up from $75.00) on shares of Itron in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Itron has a consensus rating of “Buy” and a consensus target price of $80.22.

Itron, Inc. (NASDAQ:ITRI) traded up 1.549% on Friday, hitting $77.025. 39,613 shares of the stock traded hands. Itron, Inc. has a 52 week low of $51.55 and a 52 week high of $77.40. The firm has a market capitalization of $2.98 billion, a PE ratio of 95.328 and a beta of 1.08. The stock has a 50 day moving average of $72.49 and a 200 day moving average of $67.47.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The business had revenue of $503.10 million during the quarter, compared to the consensus estimate of $491.80 million. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Itron, Inc. will post $3.07 earnings per share for the current year.

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About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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