Dynamic Technology Lab Private Ltd Buys Shares of 19,201 Itron, Inc. $ITRI

Dynamic Technology Lab Private Ltd bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the fourth quarter, Holdings Channel.com reports. The firm bought 19,201 shares of the scientific and technical instruments company’s stock, valued at approximately $1,783,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new stake in Itron in the third quarter valued at $32,000. Private Trust Co. NA raised its position in Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 145 shares during the period. Optiver Holding B.V. purchased a new stake in Itron in the third quarter valued at $36,000. Northwestern Mutual Wealth Management Co. raised its position in Itron by 343.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 268 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Itron in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Needham & Company LLC assumed coverage on Itron in a report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective on the stock. Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and a consensus target price of $131.22.

Itron Trading Down 0.2%

ITRI opened at $80.56 on Friday. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a market cap of $3.57 billion, a P/E ratio of 12.85, a PEG ratio of 0.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The business’s 50-day simple moving average is $86.02 and its 200-day simple moving average is $92.55.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts expect that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Insider Activity

In other news, CFO Joan S. Hooper sold 442 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer owned 117,478 shares in the company, valued at approximately $9,911,618.86. This represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. The trade was a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by insiders.

Itron Company 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.