Itron, Inc. $ITRI Shares Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,909 shares of the scientific and technical instruments company’s stock after buying an additional 9,390 shares during the period. J. Safra Sarasin Holding AG owned about 0.10% of Itron worth $4,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ITRI. Twin Peaks Wealth Advisors LLC acquired a new position in Itron during the second quarter worth $30,000. Employees Retirement System of Texas acquired a new stake in Itron in the third quarter valued at $32,000. Optiver Holding B.V. purchased a new stake in shares of Itron during the 3rd quarter worth $36,000. Salomon & Ludwin LLC purchased a new stake in shares of Itron during the 3rd quarter worth $42,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ITRI. Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, January 5th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Guggenheim set a $155.00 target price on shares of Itron in a research report on Friday, February 13th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings downgraded shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.10.

Itron Trading Up 6.9%

Shares of ITRI stock opened at $89.63 on Wednesday. Itron, Inc. has a fifty-two week low of $83.51 and a fifty-two week high of $142.00. The stock has a market cap of $3.97 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.73 and a beta of 1.44. The business has a fifty day simple moving average of $95.41 and a 200-day simple moving average of $104.03. The company has a quick ratio of 1.56, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.19 by $0.27. The business had revenue of $571.66 million for the quarter, compared to analyst estimates of $561.31 million. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO David Marshall Wright sold 264 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $100.17, for a total transaction of $26,444.88. Following the completion of the transaction, the chief accounting officer directly owned 9,124 shares of the company’s stock, valued at $913,951.08. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joan S. Hooper sold 3,533 shares of Itron stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $95.92, for a total value of $338,885.36. Following the transaction, the chief financial officer owned 118,275 shares of the company’s stock, valued at $11,344,938. This represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,180 shares of company stock valued at $5,085,475. 1.51% of the stock is owned by company insiders.

Itron Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.