Itron, Inc. (NASDAQ:ITRI) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in Itron, Inc. (NASDAQ:ITRI) by 80.3% during the 2nd quarter, Holdings Channel reports. The firm owned 6,102 shares of the scientific and technical instruments company’s stock after selling 24,886 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Itron were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC lifted its position in shares of Itron by 85.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 125 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in Itron by 61.5% during the first quarter. Contravisory Investment Management Inc. now owns 344 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Itron in the fourth quarter valued at about $27,000. CWM LLC increased its stake in shares of Itron by 315.6% during the second quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock worth $87,000 after purchasing an additional 669 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Itron during the 4th quarter worth about $76,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the sale, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now owns 16,269 shares in the company, valued at $1,643,169. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $51,994.35. Following the completion of the sale, the chief financial officer now owns 72,338 shares in the company, valued at $7,389,326.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,776 shares of company stock valued at $584,721. 1.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ITRI has been the topic of several research analyst reports. Piper Sandler lifted their price objective on Itron from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 28th. Canaccord Genuity Group increased their price objective on Itron from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Oppenheimer lifted their target price on shares of Itron from $110.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $117.20.

Itron Stock Down 4.4 %

NASDAQ:ITRI opened at $97.77 on Wednesday. Itron, Inc. has a 52 week low of $56.11 and a 52 week high of $113.07. The stock’s fifty day moving average is $100.53 and its two-hundred day moving average is $98.16. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.25. The firm had revenue of $609.07 million for the quarter, compared to analyst estimates of $599.25 million. Itron had a return on equity of 16.42% and a net margin of 7.98%. Itron’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Research analysts anticipate that Itron, Inc. will post 4.59 EPS for the current year.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.