NEOS Investment Management LLC Buys 9,180 Shares of Itron, Inc. $ITRI

NEOS Investment Management LLC boosted its position in Itron, Inc. (NASDAQ:ITRI) by 21.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,206 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,180 shares during the quarter. NEOS Investment Management LLC’s holdings in Itron were worth $6,378,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Impax Asset Management Group plc grew its position in shares of 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 worth $197,153,000 after buying an additional 890,040 shares during the last quarter. Norges Bank acquired a new stake in Itron in the second quarter valued at approximately $71,727,000. Merewether Investment Management LP boosted its stake in Itron by 1,552.7% in the second 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 acquiring an additional 282,587 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Itron by 21.2% in the second quarter. Handelsbanken Fonder AB now owns 943,564 shares of the scientific and technical instruments company’s stock worth $124,201,000 after purchasing an additional 165,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Itron by 63.0% during 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 in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ITRI has been the topic of several research analyst reports. Robert W. Baird set a $128.00 target price on Itron and gave the stock an “outperform” rating in a research note on Wednesday. Oppenheimer boosted their price target on Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research report on Monday, November 3rd. Argus reiterated a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Finally, Zacks Research lowered shares of Itron from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average price target of $137.90.

Itron Stock Performance

ITRI opened at $99.58 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.91 and a debt-to-equity ratio of 0.45. Itron, Inc. has a 12-month low of $88.57 and a 12-month high of $142.00. The firm has a 50 day moving average of $97.63 and a two-hundred day moving average of $110.39. The firm has a market capitalization of $4.56 billion, a PE ratio of 15.30, a P/E/G ratio of 0.54 and a beta of 1.48.

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

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q4 beat and margin/cash-flow strength — Itron reported Q4 non‑GAAP EPS of $2.46 (beat) with gross margin up ~560 bps and strong free cash flow ($112M Q4; $383M FY). Management also disclosed healthy bookings/backlog that support near-term revenue visibility. Itron shares rise after Q4 profit surge, strong cash flow, and 2026 outlook
• Positive Sentiment: Recurring-revenue and margin story gaining traction — company commentary and analysis highlight acceleration in software/subscription revenue and segment expansion that are lifting margins and perceived long-term earnings quality. ITRI Q4 Deep Dive: Recurring Revenue Acceleration and Segment Expansion Drive Margin Strength
• Positive Sentiment: Analyst upgrade — Baird upgraded Itron to Buy, citing the grid-modernization opportunity and the firm’s improving software/recurring-revenue mix as catalysts. Itron upgraded to Buy at Baird on grid modernization opportunity
• Neutral Sentiment: Earnings call / presentation details available — executives provided color on segment performance, backlog and integration of recent acquisitions; useful for modeling but contains mixed forward signals. Itron, Inc. (NASDAQ: ITRI) Q4 2025 earnings call transcript
• Negative Sentiment: Near-term guidance came in below Street consensus — Q1 2026 non‑GAAP EPS guidance of $1.20–$1.30 vs. ~$1.36 consensus and Q1 revenue guide below estimates; FY 2026 EPS range modestly below consensus. That tempered some investor enthusiasm despite the beat. (Guidance released with results 2/17/2026.)
• Negative Sentiment: Valuation/upgrade skepticism — some analysts argue that despite a cheaper relative valuation the shares don’t yet warrant an upgrade because risks (booking variability, near-term guidance) remain. Itron: Despite A Cheap Relative Valuation, Shares Don’t Justify An Upgrade Now
• Negative Sentiment: Softer bookings commentary in some reports — a few writeups flagged bookings trends that could pressure near-term top-line growth despite margin leverage. Softer Than Expected Booking Hurt Itron’s (ITRI) Shares in Q4

Insider Activity at Itron

In other news, SVP Justin K. Patrick sold 379 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the sale, the senior vice president owned 20,382 shares in the company, valued at $1,967,066.82. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joan S. Hooper sold 948 shares of Itron stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the transaction, the chief financial officer owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. This represents a 1.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,113 shares of company stock worth $301,678 in the last three months. Company insiders own 1.45% of the company’s stock.

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.