ITRI Itron Inc

Swedbank AB significantly increased its stake in Itron, Inc. (NASDAQ:ITRI) by purchasing 53,600 additional shares, bringing its total holdings to 58,100 shares valued at approximately $7.24 million. Itron topped its Q3 earnings estimates and provided optimistic FY2025 guidance, with institutional ownership at 96.19% and a "Moderate Buy" consensus rating from analysts. While insider selling has occurred, the company continues to attract investor interest due to strong financial performance and positive analyst sentiment.

Vontobel Holding Ltd. reduced its stake in Itron, Inc. by 13% in Q3, ending with 325,680 shares valued at approximately $40.57 million. Itron (NASDAQ:ITRI) surpassed Q3 EPS and revenue estimates, and institutional ownership remains high at 96.19%. Wall Street analysts have a consensus "Moderate Buy" rating for Itron, with an average target price of $139.00.

Itron, Inc. is partnering with Tucson Water to deploy its AMI Essentials for water solution, including 250,000 smart water communication modules and the Temetra data management platform, in a multi-year project through 2029. This deal highlights Itron's strategy of providing bundled, cloud-based offerings to modernize utilities and enhance operational efficiency and customer visibility into water usage. The collaboration supports Itron's long-term vision of growing recurring Outcomes revenue by focusing on software and services, though investors are cautioned about potential project and regulatory delays.

Itron, Inc. recently secured a multi-year deal with the City of Tucson’s Tucson Water to deploy its AMI Essentials for water solution, involving 250,000 smart water communication modules and cloud services through 2029. This collaboration highlights Itron's strategy of delivering bundled, cloud-based offerings to modernize utilities and enhance operational efficiency and customer visibility into water usage. The project supports Itron's long-term goal of increasing recurring Outcomes revenue, though near-term results are subject to execution risks and potential regulatory delays.

Perpetual Ltd significantly reduced its stake in Itron, Inc. (NASDAQ:ITRI) by 61.4% in the third quarter, selling 21,419 shares and retaining 13,468 shares valued at approximately $1.68 million. Despite this reduction, Itron reported strong Q3 earnings, beating analyst estimates, and provided a positive outlook for FY2025, leading to a "Moderate Buy" consensus from analysts. Insider selling of 2,971 shares occurred last quarter, while institutional ownership remains high at 96.19%.

Assenagon Asset Management S.A. significantly increased its stake in Itron, Inc. by 63.0% during the third quarter, now owning 406,018 shares valued at approximately $50.6 million. Despite recent insider selling, institutional ownership of Itron remains high at 96.19%, and the company beat Q3 earnings and revenue expectations. Analysts currently rate Itron as a "Moderate Buy" with an average price target of $139.00.