Itron, Inc. (NASDAQ:ITRI) Shares Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. grew its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,245 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,298 shares during the quarter. Cookson Peirce & Co. Inc. owned 0.18% of Itron worth $8,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITRI. Intech Investment Management LLC raised its holdings in shares of Itron by 105.9% during the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock valued at $2,077,000 after buying an additional 10,001 shares during the period. Geode Capital Management LLC raised its stake in shares of Itron by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock valued at $114,835,000 after purchasing an additional 5,630 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Itron by 78.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after purchasing an additional 2,671 shares during the period. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Itron during the third quarter worth $5,994,000. Finally, Systematic Financial Management LP boosted its stake in shares of Itron by 12.2% in the third quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock valued at $14,351,000 after purchasing an additional 14,590 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Transactions at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $215,713.80. Following the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at approximately $8,553,860.40. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the transaction, the director now owns 5,630 shares of the company’s stock, valued at $603,930.10. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is currently owned by insiders.

Itron Stock Performance

Shares of ITRI opened at $105.77 on Wednesday. The stock has a market capitalization of $4.78 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. The business’s fifty day moving average price is $104.91 and its 200 day moving average price is $107.16. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a 12-month low of $86.13 and a 12-month high of $124.90.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ITRI. Guggenheim cut their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group increased their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Piper Sandler lifted their price objective on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, Oppenheimer upped their target price on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $127.64.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.