Globeflex Capital L P Has $4.08 Million Stake in Itron, Inc. $ITRI

Globeflex Capital L P reduced its position in Itron, Inc. (NASDAQ:ITRI) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,491 shares of the scientific and technical instruments company’s stock after selling 7,643 shares during the quarter. Globeflex Capital L P owned about 0.10% of Itron worth $4,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after acquiring an additional 265,039 shares in the last quarter. Geode Capital Management LLC raised its position in Itron by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after purchasing an additional 6,598 shares in the last quarter. First Trust Advisors LP lifted its stake in Itron by 22.2% during the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock worth $86,872,000 after purchasing an additional 176,053 shares during the last quarter. Norges Bank bought a new stake in Itron during the fourth quarter worth $63,990,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Itron by 42.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock valued at $75,306,000 after purchasing an additional 180,366 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ITRI. Raymond James Financial started coverage on Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating on the stock. Zacks Research lowered Itron from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. TD Cowen lowered their target price on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Roth Capital restated a “buy” rating and issued a $136.00 price target on shares of Itron in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $131.22.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the transaction, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares in the company, valued at $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,946 shares of company stock worth $324,420 in the last quarter. 1.77% of the stock is owned by insiders.

Itron Trading Down 1.1%

NASDAQ ITRI opened at $83.21 on Thursday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The business’s fifty day moving average is $82.81 and its 200 day moving average is $89.98.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, sell-side analysts expect that Itron, Inc. will post 6.01 EPS for the current fiscal year.

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.