Expect Equity LLC Invests $1.30 Million in Itron, Inc. $ITRI

Expect Equity LLC acquired a new stake in shares of Itron, Inc. (NASDAQ:ITRI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,012 shares of the scientific and technical instruments company’s stock, valued at approximately $1,299,000.

Several other hedge funds also recently bought and sold shares of ITRI. Capital World Investors purchased a new position in Itron in the 4th quarter worth about $10,460,000. Assenagon Asset Management S.A. boosted its position in Itron by 160.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock valued at $29,136,000 after buying an additional 207,416 shares during the period. DNB Asset Management AS bought a new position in Itron in the 4th quarter worth about $12,191,000. WINTON GROUP Ltd bought a new position in Itron in the 4th quarter worth about $5,795,000. Finally, Fieldview Capital Management LLC increased its position in shares of Itron by 54.1% during the fourth quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock worth $3,723,000 after acquiring an additional 14,079 shares during the period. Institutional investors own 96.19% of the company’s stock.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly constructive on ITRI. Eight analysts rate the stock Buy, compared with four Holds and one Sell, with an average price target of $131.33—well above its recent trading level. Recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital reinforce the bullish outlook. Itron analyst ratings
• Positive Sentiment: Institutional ownership remains substantial at 96.19%. California State Teachers’ Retirement System sharply increased its position during the second quarter, while Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management also reported significant holdings or purchases. This institutional support may help underpin the stock. Itron institutional ownership
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data also shows an invalid percentage change, it offers little useful information about current bearish positioning or potential short-covering demand.
• Negative Sentiment: Several Itron executives recently sold shares, including CFO Joan S. Hooper’s sale of 4,406 shares on August 20 and an additional 455 shares on August 24. Multiple senior vice presidents and the chief accounting officer also sold smaller amounts. The filings state that the transactions covered tax-withholding obligations from vested equity awards, and the executives retained sizable positions, making the signal less concerning than open-market selling—but the cluster of sales could still pressure investor sentiment. Itron SEC insider-sale filing
• Negative Sentiment: The latest quarterly results showed strong EPS of $1.59 versus the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of estimates. That softer revenue trend remains a fundamental risk despite the company’s maintained 2026 earnings guidance.

Insider Buying and Selling

In other news, SVP Donald L. Reeves III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,501.91. Following the transaction, the senior vice president directly owned 27,945 shares of the company’s stock, valued at approximately $2,760,686.55. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 331 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,699.49. Following the transaction, the senior vice president directly owned 12,683 shares in the company, valued at approximately $1,252,953.57. The trade was a 2.54% decrease in their ownership of the stock. 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. Insiders sold a total of 7,410 shares of company stock worth $731,178 in the last 90 days. 1.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Roth Capital restated a “buy” rating and set a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. TD Cowen decreased their target price on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Finally, Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Eight equities 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Itron Price Performance

ITRI opened at $98.73 on Wednesday. The firm has a market capitalization of $4.32 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The business’s 50-day moving average is $91.23 and its two-hundred day moving average is $90.07. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same period in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

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.