Cubist Systematic Strategies LLC Makes New $91,000 Investment in Iteris, Inc. (NASDAQ:ITI)

Cubist Systematic Strategies LLC acquired a new stake in Iteris, Inc. (NASDAQ:ITI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,036 shares of the technology company’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ITI. Public Employees Retirement System of Ohio acquired a new stake in shares of Iteris in the 1st quarter valued at about $43,000. Bfsg LLC increased its holdings in shares of Iteris by 31.4% during the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock valued at $55,000 after acquiring an additional 3,038 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Iteris during the first quarter worth approximately $66,000. Perritt Capital Management Inc. lifted its holdings in shares of Iteris by 150.0% in the 1st quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company’s stock worth $124,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Iteris by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company’s stock valued at $583,000 after purchasing an additional 10,208 shares during the period. Institutional investors own 51.16% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Samjo Management, Llc sold 848,300 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $6.99, for a total transaction of $5,929,617.00. Following the completion of the transaction, the insider now directly owns 4,165,000 shares of the company’s stock, valued at $29,113,350. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ITI shares. Northland Capmk lowered shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. B. Riley reiterated a “neutral” rating and set a $7.20 price target (down previously from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. StockNews.com assumed coverage on Iteris in a research note on Tuesday. They issued a “buy” rating for the company. Finally, Maxim Group reaffirmed a “hold” rating on shares of Iteris in a research report on Monday, August 12th.

Iteris Stock Performance

Shares of ITI stock opened at $7.19 on Wednesday. Iteris, Inc. has a 52-week low of $3.97 and a 52-week high of $7.19. The company has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $5.40. The company has a market capitalization of $308.99 million, a price-to-earnings ratio of 102.71 and a beta of 0.86.

Iteris (NASDAQ:ITI) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $45.78 million during the quarter, compared to the consensus estimate of $44.02 million. Iteris had a net margin of 0.80% and a return on equity of 2.02%. On average, sell-side analysts forecast that Iteris, Inc. will post 0.16 EPS for the current fiscal year.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.