Itron, Inc. $ITRI Stock Holdings Increased by Jennison Associates LLC

Jennison Associates LLC increased its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 171.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,975 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,090 shares during the quarter. Jennison Associates LLC’s holdings in Itron were worth $1,432,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in Itron by 18.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock worth $118,034,000 after buying an additional 194,768 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Itron by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after acquiring an additional 6,598 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Itron by 4.1% during the 4th quarter. First Trust Advisors LP now owns 793,175 shares of the scientific and technical instruments company’s stock valued at $73,654,000 after acquiring an additional 31,088 shares in the last quarter. Norges Bank acquired a new position in shares of Itron in the fourth quarter worth $63,990,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Itron by 42.5% in 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 during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ITRI. TD Cowen reduced their price objective on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Zacks Research lowered Itron from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lowered their price target on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.22.

Insider Activity

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This trade represents 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 quarter, insiders have sold 3,946 shares of company stock valued at $324,420. Insiders own 1.77% of the company’s stock.

Itron Stock Down 1.1%

ITRI stock opened at $83.21 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a fifty day simple moving average of $82.81 and a 200 day simple moving average of $89.98. The firm has a market cap of $3.69 billion, a PE ratio of 13.27, a PEG ratio of 0.74 and a beta of 1.32.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The firm had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. During the same period in the prior year, the company posted $1.52 earnings per share. Itron’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. Sell-side analysts anticipate that Itron, Inc. will post 6.01 EPS for the current fiscal year.

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.