Marshall Wace LLP Has $18.39 Million Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Marshall Wace LLP grew its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 169,398 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,594 shares during the quarter. Marshall Wace LLP’s holdings in Itron were worth $18,393,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ITRI. Norges Bank bought a new stake in Itron during the fourth quarter worth about $64,615,000. Bowen Hanes & Co. Inc. bought a new stake in shares of Itron during the 4th quarter worth approximately $27,486,000. Franklin Resources Inc. boosted its position in shares of Itron by 611.9% during the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after acquiring an additional 243,102 shares in the last quarter. Wellington Management Group LLP increased its stake in Itron by 180.7% in the fourth quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company’s stock valued at $36,197,000 after acquiring an additional 214,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Itron by 85.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,484 shares of the scientific and technical instruments company’s stock valued at $46,199,000 after purchasing an additional 196,396 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

ITRI stock opened at $103.26 on Friday. The company has a market capitalization of $4.71 billion, a P/E ratio of 21.16, a PEG ratio of 0.81 and a beta of 1.39. The company has a fifty day moving average price of $102.25 and a 200-day moving average price of $107.41. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. Itron, Inc. has a 52-week low of $89.66 and a 52-week high of $124.90.

Insider Activity at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the company’s stock in a transaction dated 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 owns 92,076 shares in the company, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now owns 20,326 shares of the company’s stock, valued at $1,888,285.40. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock worth $385,815 over the last three months. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ITRI. Piper Sandler lifted their price target on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $133.00 target price on shares of Itron in a research report on Thursday. Canaccord Genuity Group increased their target price on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Oppenheimer lifted their price target on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Itron 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.