3,406 Shares in Itron, Inc. $ITRI Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc purchased a new stake in Itron, Inc. (NASDAQ:ITRI) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,406 shares of the scientific and technical instruments company’s stock, valued at approximately $448,000.

Several other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Itron by 119.7% in the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock worth $8,073,000 after acquiring an additional 41,984 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Itron by 52.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after purchasing an additional 427 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Itron by 42.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock valued at $3,277,000 after purchasing an additional 9,461 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Itron by 12.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,073 shares of the scientific and technical instruments company’s stock worth $3,569,000 after purchasing an additional 3,813 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Itron during the first quarter worth $737,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Itron

In other Itron news, SVP Justin K. Patrick sold 388 shares of Itron stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares in the company, valued at $2,601,560.91. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $68,544.57. Following the transaction, the senior vice president owned 19,604 shares of the company’s stock, valued at approximately $2,456,577.24. This represents a 2.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,037 shares of company stock valued at $380,566 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Johnson Rice cut shares of Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $118.00 price objective (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Itron in a report on Thursday. Finally, Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target for the company in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.00.

Itron Price Performance

Shares of ITRI stock opened at $98.46 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The company has a market capitalization of $4.51 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52. The firm’s 50-day moving average is $120.95 and its two-hundred day moving average is $122.88. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The business had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. Analysts predict that Itron, Inc. will post 5.33 earnings per share 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.