New York State Common Retirement Fund lifted its stake in Itron, Inc. (NASDAQ:ITRI) by 34.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,968 shares of the scientific and technical instruments company’s stock after purchasing an additional 16,625 shares during the period. New York State Common Retirement Fund owned about 0.17% of Itron worth $4,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ITRI. Wells Fargo & Company MN grew its holdings in shares of Itron by 30.0% in the first quarter. Wells Fargo & Company MN now owns 47,204 shares of the scientific and technical instruments company’s stock worth $2,865,000 after purchasing an additional 10,888 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Itron in the first quarter worth about $175,000. Envestnet Asset Management Inc. grew its holdings in shares of Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after purchasing an additional 444 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after purchasing an additional 36 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Itron by 1.2% in the first quarter. Arizona State Retirement System now owns 17,334 shares of the scientific and technical instruments company’s stock worth $1,052,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Shares of Itron, Inc. (NASDAQ ITRI) opened at 79.25 on Tuesday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 98.08 and a beta of 1.10. The company has a 50-day moving average of $75.19 and a 200-day moving average of $69.62. Itron, Inc. has a 1-year low of $51.55 and a 1-year high of $79.55.

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

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A number of research analysts have recently commented on ITRI shares. Guggenheim started coverage on shares of Itron in a report on Tuesday, June 20th. They issued a “buy” rating and a $81.00 price target on the stock. BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Robert W. Baird reaffirmed an “outperform” rating and issued a $73.00 price objective on shares of Itron in a research note on Thursday, July 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Itron in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $81.78.

Itron Company Profile

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.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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