Wells Fargo & Company MN Acquires 17,308 Shares of Iteris Inc (ITI)
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.
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.
TRADEMARK VIOLATION NOTICE: “Wells Fargo & Company MN Acquires 17,308 Shares of Iteris Inc (ITI)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/02/10/wells-fargo-company-mn-acquires-17308-shares-of-iteris-inc-iti.html.
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.
Want to see what other hedge funds are holding ITI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iteris Inc (NASDAQ:ITI).
Receive News & Ratings for Iteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iteris and related companies with MarketBeat.com's FREE daily email newsletter.