MetLife Investment Management LLC Sells 6,060 Shares of Iteris, Inc. (NASDAQ:ITI)

MetLife Investment Management LLC trimmed its position in shares of Iteris, Inc. (NASDAQ:ITI) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,685 shares of the technology company’s stock after selling 6,060 shares during the quarter. MetLife Investment Management LLC’s holdings in Iteris were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Iteris by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock valued at $12,125,000 after acquiring an additional 41,618 shares during the period. Private Management Group Inc. lifted its holdings in shares of Iteris by 13.3% during the second quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after purchasing an additional 191,511 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Iteris by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company’s stock worth $4,779,000 after purchasing an additional 43,493 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Iteris by 3.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 515,381 shares of the technology company’s stock worth $2,232,000 after buying an additional 18,289 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Iteris by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 375,885 shares of the technology company’s stock valued at $1,628,000 after buying an additional 73,300 shares in the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

Iteris Stock Performance

Iteris stock opened at $7.19 on Tuesday. Iteris, Inc. has a 12 month low of $4.00 and a 12 month high of $7.20. The stock has a fifty day simple moving average of $7.19 and a two-hundred day simple moving average of $6.10. The firm has a market cap of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.87.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. B. Riley reissued a “neutral” rating and issued a $7.20 target price (down from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. StockNews.com started coverage on shares of Iteris in a research report on Tuesday. They set a “buy” rating on the stock. Finally, Maxim Group reaffirmed a “hold” rating on shares of Iteris in a report on Monday, August 12th.

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.