Teachers Advisors LLC Takes Position in Iteris, Inc. (ITI)
Teachers Advisors LLC acquired a new position in Iteris, Inc. (NASDAQ:ITI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 43,045 shares of the technology company’s stock, valued at approximately $268,000. Teachers Advisors LLC owned 0.13% of Iteris at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of Iteris during the second quarter valued at approximately $136,000. Spark Investment Management LLC lifted its holdings in shares of Iteris by 191.3% during the second quarter. Spark Investment Management LLC now owns 30,000 shares of the technology company’s stock valued at $186,000 after purchasing an additional 19,700 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Iteris during the second quarter valued at approximately $205,000. CAPROCK Group Inc. purchased a new position in shares of Iteris during the second quarter valued at approximately $227,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Iteris during the second quarter valued at approximately $257,000. Institutional investors and hedge funds own 33.99% of the company’s stock.
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A number of brokerages recently weighed in on ITI. Northland Securities set a $9.00 price objective on shares of Iteris and gave the stock a “buy” rating in a report on Monday, November 13th. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of Iteris in a report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded shares of Iteris from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.31.
In related news, insider Todd Kreter sold 40,000 shares of Iteris stock in a transaction on Monday, September 11th. The shares were sold at an average price of $6.19, for a total transaction of $247,600.00. Following the transaction, the insider now owns 43,303 shares in the company, valued at approximately $268,045.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas N. Blair sold 17,096 shares of Iteris stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $6.00, for a total transaction of $102,576.00. Following the transaction, the vice president now owns 25,000 shares in the company, valued at approximately $150,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 481,051 shares of company stock valued at $2,990,259. Insiders own 4.30% of the company’s stock.
Shares of Iteris, Inc. (NASDAQ ITI) opened at $5.60 on Monday. Iteris, Inc. has a 1 year low of $3.20 and a 1 year high of $8.17.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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