Iteris, Inc. (NASDAQ:ITI) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Iteris, Inc. (NASDAQ:ITI) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 576,033 shares of the technology company’s stock after buying an additional 29,270 shares during the period. Dimensional Fund Advisors LP’s holdings in Iteris were worth $3,255,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new stake in Iteris during the fourth quarter worth approximately $59,000. JPMorgan Chase & Co. raised its holdings in Iteris by 276.5% during the fourth quarter. JPMorgan Chase & Co. now owns 109,042 shares of the technology company’s stock worth $616,000 after purchasing an additional 80,077 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Iteris by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 168,882 shares of the technology company’s stock worth $954,000 after purchasing an additional 1,850 shares in the last quarter. Prelude Capital Management LLC bought a new stake in Iteris during the fourth quarter worth approximately $246,000. Finally, Essex Investment Management Co. LLC raised its holdings in Iteris by 166.8% during the fourth quarter. Essex Investment Management Co. LLC now owns 594,486 shares of the technology company’s stock worth $3,359,000 after purchasing an additional 371,647 shares in the last quarter. 59.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on ITI. Northland Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of Iteris in a report on Wednesday, June 2nd. Zacks Investment Research cut Iteris from a “hold” rating to a “sell” rating in a report on Thursday, June 3rd. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. Iteris currently has an average rating of “Buy” and a consensus price target of $8.56.

In related news, CEO J. Joseph Bergera sold 36,004 shares of the company’s stock in a transaction on Friday, June 4th. The shares were sold at an average price of $7.04, for a total value of $253,468.16. Following the completion of the sale, the chief executive officer now directly owns 72,733 shares in the company, valued at $512,040.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd Kreter sold 27,250 shares of the company’s stock in a transaction on Monday, June 7th. The stock was sold at an average price of $6.84, for a total transaction of $186,390.00. Following the completion of the sale, the vice president now owns 45,803 shares of the company’s stock, valued at $313,292.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,776 shares of company stock worth $527,304. 5.64% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:ITI opened at $6.50 on Friday. The firm’s fifty day moving average price is $6.72. Iteris, Inc. has a 12-month low of $3.71 and a 12-month high of $7.81. The firm has a market cap of $270.67 million, a P/E ratio of 27.08, a P/E/G ratio of 4.78 and a beta of 1.43.

Iteris (NASDAQ:ITI) last announced its earnings results on Tuesday, June 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Iteris had a net margin of 8.65% and a return on equity of 0.64%. As a group, equities analysts anticipate that Iteris, Inc. will post 0.09 earnings per share for the current fiscal year.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offers sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications.

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Institutional Ownership by Quarter for Iteris (NASDAQ:ITI)

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