Wells Fargo & Company MN lifted its holdings in shares of Iteris Inc (NASDAQ:ITI) by 1,730.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,308 shares of the technology company’s stock after buying an additional 17,308 shares during the period. Wells Fargo & Company MN owned about 0.06% of Iteris worth $122,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. bought a new stake in shares of Iteris in the 2nd quarter valued at about $257,000. Essex Investment Management Co. LLC raised its holdings in shares of Iteris by 22.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 142,797 shares of the technology company’s stock valued at $950,000 after purchasing an additional 26,412 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Iteris by 309.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,328 shares of the technology company’s stock valued at $413,000 after purchasing an additional 50,145 shares during the period. Cowen Prime Services LLC raised its holdings in shares of Iteris by 180.7% in the 3rd quarter. Cowen Prime Services LLC now owns 563,395 shares of the technology company’s stock valued at $3,747,000 after purchasing an additional 362,650 shares during the period. Finally, Teachers Advisors LLC bought a new stake in shares of Iteris in the 2nd quarter valued at about $268,000. Institutional investors own 33.59% of the company’s stock.

In other Iteris news, insider Thomas N. Blair sold 31,250 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $6.88, for a total value of $215,000.00. Following the transaction, the insider now directly owns 12,500 shares of the company’s stock, valued at approximately $86,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Neil S. Subin sold 99,141 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $7.54, for a total transaction of $747,523.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,891 shares of company stock worth $1,191,273. Insiders own 4.30% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. B. Riley set a $9.00 target price on shares of Iteris and gave the company a “buy” rating in a report on Thursday. JMP Securities assumed coverage on shares of Iteris in a report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 target price on the stock. Finally, Northland Securities set a $9.00 target price on shares of Iteris and gave the company a “buy” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.75.

Iteris Inc (NASDAQ:ITI) opened at $5.59 on Friday. Iteris Inc has a fifty-two week low of $4.40 and a fifty-two week high of $8.17.

Iteris (NASDAQ:ITI) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Iteris had a negative net margin of 4.32% and a negative return on equity of 10.05%. analysts forecast that Iteris Inc will post -0.11 earnings per share for the current fiscal year.

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Iteris Company Profile

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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Institutional Ownership by Quarter for Iteris (NASDAQ:ITI)

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