Hanseatic Management Services Inc. Has $803,000 Stock Position in Itron, Inc. (NASDAQ:ITRI)

Hanseatic Management Services Inc. boosted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,522 shares of the scientific and technical instruments company’s stock after purchasing an additional 318 shares during the period. Hanseatic Management Services Inc.’s holdings in Itron were worth $803,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Itron by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,701,337 shares of the scientific and technical instruments company’s stock valued at $527,488,000 after purchasing an additional 45,909 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Itron by 62.7% in the third quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company’s stock worth $96,106,000 after buying an additional 346,615 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Itron by 86.2% in the second quarter. Select Equity Group L.P. now owns 603,877 shares of the scientific and technical instruments company’s stock worth $59,760,000 after buying an additional 279,629 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Itron by 2.2% in the first quarter. Janus Henderson Group PLC now owns 542,943 shares of the scientific and technical instruments company’s stock worth $50,233,000 after buying an additional 11,918 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Itron by 90.7% in the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after buying an additional 243,355 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ITRI. TD Cowen increased their price target on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer lifted their target price on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Mkm upped their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Guggenheim lifted their price objective on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird increased their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average target price of $123.92.

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas Deitrich sold 887 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $90,607.05. Following the sale, the chief executive officer now directly owns 205,276 shares in the company, valued at $20,968,943.40. 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. Also, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the sale, the senior vice president now owns 16,269 shares in the company, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,276 shares of company stock valued at $4,515,846. Corporate insiders own 1.45% of the company’s stock.

Itron Trading Up 3.8 %

Itron stock opened at $122.12 on Thursday. The business has a 50 day moving average price of $104.90 and a two-hundred day moving average price of $103.24. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. Itron, Inc. has a 12 month low of $62.45 and a 12 month high of $123.65.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. The firm had revenue of $615.46 million during the quarter, compared to analysts’ expectations of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, equities analysts forecast that Itron, Inc. will post 5.34 EPS for the current year.

Itron Profile

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.