Public Sector Pension Investment Board Has $22.21 Million Stock Position in Itron, Inc. $ITRI

Public Sector Pension Investment Board increased its holdings in Itron, Inc. (NASDAQ:ITRI) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,296 shares of the scientific and technical instruments company’s stock after purchasing an additional 22,924 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.39% of Itron worth $22,209,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ITRI. Impax Asset Management Group plc raised its holdings in Itron by 127.3% during the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock worth $197,153,000 after buying an additional 890,040 shares during the last quarter. Norges Bank bought a new position in Itron in the 2nd quarter valued at about $71,727,000. Merewether Investment Management LP boosted its stake in Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock valued at $39,593,000 after purchasing an additional 282,587 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Itron by 21.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 943,564 shares of the scientific and technical instruments company’s stock valued at $124,201,000 after purchasing an additional 165,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Itron by 63.0% in the third quarter. Assenagon Asset Management S.A. now owns 406,018 shares of the scientific and technical instruments company’s stock worth $50,574,000 after purchasing an additional 156,891 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 343 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $33,102.93. Following the sale, the senior vice president owned 18,774 shares in the company, valued at $1,811,878.74. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Justin K. Patrick sold 379 shares of Itron stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $36,577.29. Following the completion of the transaction, the senior vice president owned 20,382 shares of the company’s stock, valued at approximately $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,113 shares of company stock worth $301,678. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ITRI shares. Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Guggenheim set a $155.00 price objective on shares of Itron in a research note on Friday. Robert W. Baird restated a “neutral” rating and issued a $118.00 target price (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. Zacks Research lowered Itron from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Itron currently has a consensus rating of “Hold” and a consensus price target of $136.10.

Itron Price Performance

ITRI opened at $89.36 on Friday. The firm has a 50-day moving average price of $97.75 and a 200-day moving average price of $111.28. Itron, Inc. has a twelve month low of $88.57 and a twelve month high of $142.00. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.55 and a beta of 1.48.

More Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a partnership with Toumetis and a Southern California utility to reduce wildfire risk and speed outage restoration — a commercial win that validates demand for its wildfire-analytics and grid-resiliency offerings and could support future recurring revenue in high-growth, regulatory-driven markets. Itron and Toumetis Team Up with Southern California Utility
• Positive Sentiment: Coverage highlights California grid projects that tie Itron’s wildfire analytics to longer-term growth, reinforcing the company’s exposure to utility modernization and resilience spending. This narrative supports a multi-year revenue opportunity even if near-term results fluctuate. Itron’s California Grid Projects Tie Wildfire Analytics To Long Term Growth
• Positive Sentiment: Industry pieces argue Itron is repositioning as a grid-edge intelligence leader in wildfire-prone markets — a strategic shift that, if executed, could improve margins and create higher-value service opportunities. Is Itron Quietly Repositioning as a Grid-Edge Intelligence Leader?
• Neutral Sentiment: Q4 2025 earnings previews are circulating ahead of results — these create a near-term catalyst (earnings beat/miss) but are currently informational rather than directional. Itron Q4 2025 earnings preview
• Neutral Sentiment: An Itron senior VP sold a small block (142 shares) on Feb. 11 — disclosed insider selling but immaterial in size relative to holdings and market cap. SEC Form 4 — Insider Sale
• Neutral Sentiment: Published short-interest figures in recent feeds appear inconsistent (showing zeros/NaN) and should be treated cautiously — no clear, reliable short-interest signal from these entries.
• Negative Sentiment: Guggenheim turned more bearish on Itron (downgrade/neutral action reported), which likely pressured the stock and increased trading activity today; analyst downgrades often trigger re-rating and higher near-term volatility. Guggenheim downgrades Itron (ITRI)

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.