Tema Etfs LLC Has $8.97 Million Position in Itron, Inc. $ITRI

Tema Etfs LLC raised its position in Itron, Inc. (NASDAQ:ITRI) by 88.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,566 shares of the scientific and technical instruments company’s stock after purchasing an additional 45,360 shares during the period. Tema Etfs LLC owned approximately 0.21% of Itron worth $8,967,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc grew its holdings 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 valued at $197,153,000 after buying an additional 890,040 shares during the period. Norges Bank acquired a new stake in Itron during the 2nd quarter worth $71,727,000. Merewether Investment Management LP lifted its holdings in Itron by 1,552.7% during the second quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after acquiring an additional 282,587 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Itron by 42.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock worth $75,306,000 after acquiring an additional 180,366 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Itron by 1,925.5% in the third quarter. Marshall Wace LLP now owns 186,873 shares of the scientific and technical instruments company’s stock valued at $23,277,000 after acquiring an additional 177,647 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Performance

Shares of Itron stock opened at $90.42 on Thursday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50. The stock’s 50-day moving average is $95.24 and its 200-day moving average is $103.93. Itron, Inc. has a one year low of $83.51 and a one year 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.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business had revenue of $571.66 million during the quarter, compared to the consensus estimate of $561.31 million. During the same period last year, the company earned $1.35 earnings per share. Itron’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. Equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Joan S. Hooper sold 15,293 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $1,522,265.22. Following the completion of the transaction, the chief financial officer directly owned 124,196 shares of the company’s stock, valued at $12,362,469.84. This trade represents a 10.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 4,486 shares of Itron stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 31,806 shares in the company, valued at $3,165,969.24. This trade represents a 12.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 51,180 shares of company stock worth $5,085,475. 1.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ITRI has been the subject of several recent analyst reports. Robert W. Baird set a $128.00 price target on Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings lowered Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Monday, January 5th. Needham & Company LLC initiated coverage on shares of Itron in a report on Friday, March 6th. They set a “buy” rating and a $124.00 target price on the stock. Finally, Oppenheimer lifted their price target on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.10.

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.