Profund Advisors LLC grew its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,714 shares of the scientific and technical instruments company’s stock after buying an additional 531 shares during the period. Profund Advisors LLC’s holdings in Itron were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Itron by 1.5% during the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in Itron by 0.6% in the 1st 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 in the last quarter. Louisiana State Employees Retirement System grew its holdings in Itron by 0.7% in the 2nd 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 in the last quarter. Systematic Financial Management LP grew its holdings in Itron by 0.5% in the 2nd quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock worth $1,795,000 after buying an additional 120 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in Itron by 0.4% in the 2nd 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 in the last quarter. 93.66% of the stock is currently owned by institutional investors.

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Several research firms recently commented on ITRI. Canaccord Genuity downgraded Itron from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research note on Tuesday, September 19th. Zacks Investment Research lowered shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Cowen and Company set a $60.00 price objective on shares of Itron and gave the company a “hold” rating in a report on Friday, July 21st. Robert W. Baird cut shares of Itron from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $73.00 to $77.00 in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Itron currently has an average rating of “Buy” and an average target price of $80.22.

Itron, Inc. (ITRI) opened at 77.45 on Monday. Itron, Inc. has a 52 week low of $51.55 and a 52 week high of $77.65. The firm has a market cap of $3.00 billion, a PE ratio of 95.85 and a beta of 1.10. The stock has a 50 day moving average of $72.49 and a 200 day moving average of $67.47.

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

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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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