State Street Corp lifted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 839,226 shares of the scientific and technical instruments company’s stock after buying an additional 43,230 shares during the quarter. State Street Corp owned about 2.17% of Itron worth $56,857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Itron by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 31 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Itron by 1.5% during the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Itron by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock worth $1,613,000 after buying an additional 61 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Itron by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock valued at $928,000 after purchasing an additional 100 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Itron by 0.5% in the second quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock valued at $1,795,000 after purchasing an additional 120 shares in the last quarter. 93.49% of the stock is owned by institutional investors.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, October 31st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.11). The company had revenue of $486.75 million for the quarter, compared to analysts’ expectations of $526.55 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS.

ITRI has been the subject of a number of analyst reports. Zacks Investment Research raised Itron from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Monday, August 28th. JMP Securities set a $88.00 price target on Itron and gave the company a “buy” rating in a research note on Tuesday, July 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $78.00 price target on shares of Itron in a research note on Friday, July 14th. Cowen and Company set a $60.00 price target on Itron and gave the company a “hold” rating in a research note on Friday, July 21st. Finally, Argus reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of Itron in a research note on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $81.78.

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Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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