ClariVest Asset Management LLC cut its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 60,429 shares of the scientific and technical instruments company’s stock after selling 51 shares during the period. ClariVest Asset Management LLC’s holdings in Itron were worth $4,094,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after buying an additional 36 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Itron by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the scientific and technical instruments company’s stock worth $656,000 after buying an additional 60 shares during the period. State of Alaska Department of Revenue raised its stake in Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares during the period. Louisiana State Employees Retirement System raised its stake in Itron by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock worth $928,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC raised its stake in Itron by 0.4% in the second quarter. Aperio Group LLC now owns 32,749 shares of the scientific and technical instruments company’s stock worth $2,219,000 after buying an additional 143 shares during the period. Institutional investors own 95.25% of the company’s stock.

Itron, Inc. (NASDAQ:ITRI) opened at 73.05 on Wednesday. Itron, Inc. has a 12-month low of $44.00 and a 12-month high of $75.60. The firm’s 50-day moving average price is $71.32 and its 200 day moving average price is $65.83. The firm has a market cap of $2.83 billion, a P/E ratio of 90.41 and a beta of 1.10.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Analysts forecast that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

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A number of research firms recently commented on ITRI. Cowen and Company set a $60.00 price target on Itron and gave the stock a “hold” rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Itron in a research report on Friday, August 4th. Robert W. Baird restated an “outperform” rating and set a $73.00 price target on shares of Itron in a research report on Thursday, July 13th. BidaskClub lowered Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Guggenheim began coverage on Itron in a research report on Tuesday, June 20th. They set a “buy” rating and a $81.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $79.00.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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