Bard Associates Inc. Lowers Position in Iteris, Inc. (NASDAQ:ITI)

Bard Associates Inc. cut its position in shares of Iteris, Inc. (NASDAQ:ITI) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 335,701 shares of the technology company’s stock after selling 15,718 shares during the quarter. Bard Associates Inc. owned approximately 0.78% of Iteris worth $2,397,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Access Investment Management LLC boosted its stake in shares of Iteris by 67.7% in the 3rd quarter. Access Investment Management LLC now owns 4,570 shares of the technology company’s stock worth $33,000 after buying an additional 1,845 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Iteris during the 3rd quarter valued at $751,000. Olympiad Research LP bought a new stake in shares of Iteris during the 3rd quarter worth $510,000. Forum Financial Management LP purchased a new position in shares of Iteris in the 3rd quarter worth about $279,000. Finally, Whittier Trust Co. grew its position in Iteris by 4.7% during the third quarter. Whittier Trust Co. now owns 42,552 shares of the technology company’s stock valued at $304,000 after buying an additional 1,897 shares during the period. 51.16% of the stock is owned by institutional investors.

Iteris Price Performance

Shares of NASDAQ ITI opened at $7.19 on Friday. Iteris, Inc. has a one year low of $4.00 and a one year high of $7.20. The stock has a market capitalization of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87. The firm’s 50 day simple moving average is $7.16 and its two-hundred day simple moving average is $5.76.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ITI shares. StockNews.com started coverage on shares of Iteris in a research report on Friday, November 8th. They set a “buy” rating for the company. Northland Capmk lowered Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. B. Riley reaffirmed a “neutral” rating and set a $7.20 price objective (down from $8.00) on shares of Iteris in a report on Wednesday, August 21st. Finally, Maxim Group reissued a “hold” rating on shares of Iteris in a research report on Monday, August 12th.

Iteris Profile

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.