Itron, Inc. $ITRI Shares Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG grew its stake in Itron, Inc. (NASDAQ:ITRI) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,909 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,390 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Itron were worth $4,356,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ITRI. Vanguard Group Inc. increased its position in Itron by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock worth $731,809,000 after purchasing an additional 132,329 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Itron by 127.3% in the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after purchasing an additional 890,040 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Itron by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,076,274 shares of the scientific and technical instruments company’s stock worth $134,058,000 after purchasing an additional 16,261 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Itron by 6.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after purchasing an additional 56,318 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Itron by 0.6% during the third quarter. First Trust Advisors LP now owns 762,087 shares of the scientific and technical instruments company’s stock worth $94,926,000 after buying an additional 4,368 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling

In other Itron news, SVP Donald L. Reeves III sold 5,419 shares of Itron stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $539,407.26. Following the transaction, the senior vice president owned 33,140 shares in the company, valued at $3,298,755.60. This trade represents a 14.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher E. Ware sold 4,486 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $446,536.44. Following the sale, the senior vice president directly owned 31,806 shares of the company’s stock, valued at $3,165,969.24. This represents a 12.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,180 shares of company stock worth $5,085,475 over the last 90 days. Company insiders own 1.51% of the company’s stock.

Itron Trading Up 6.9%

NASDAQ ITRI opened at $89.63 on Wednesday. The company has a market cap of $3.97 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.73 and a beta of 1.44. Itron, Inc. has a 12 month low of $83.51 and a 12 month high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The company has a 50-day moving average of $95.41 and a 200-day moving average of $104.03.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. During the same period last year, the company earned $1.35 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ITRI. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Guggenheim set a $155.00 target price on shares of Itron in a research note on Friday, February 13th. Needham & Company LLC started coverage on Itron in a report on Friday, March 6th. They issued a “buy” rating and a $124.00 price target for the company. Finally, Weiss Ratings lowered Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and a consensus target price of $137.10.

Itron Profile

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.