Penn Capital Management Company LLC Acquires Shares of 102,832 Itron, Inc. $ITRI

Posted by Geri Gentry on May 27th, 2026

Penn Capital Management Company LLC acquired a new stake in shares of Itron, Inc. (NASDAQ:ITRI – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 102,832 shares of the scientific and technical instruments company’s stock, valued at approximately $9,576,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Private Trust Co. NA lifted its stake in shares of Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 145 shares during the period. Employees Retirement System of Texas acquired a new position in shares of Itron in the 3rd quarter valued at $32,000. Optiver Holding B.V. acquired a new position in shares of Itron in the 3rd quarter valued at $36,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Itron in the 3rd quarter valued at $44,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron by 343.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 268 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Performance

NASDAQ:ITRI opened at $84.44 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The company has a fifty day moving average of $88.19 and a two-hundred day moving average of $94.11. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.47, a P/E/G ratio of 0.73 and a beta of 1.35. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, research analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ITRI shares. Robert W. Baird set a $128.00 target price on shares of Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Guggenheim set a $155.00 target price on shares of Itron in a research note on Friday, February 13th. TD Cowen decreased their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.22.

Check Out Our Latest Analysis on Itron

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 3,533 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $95.92, for a total transaction of $338,885.36. Following the completion of the transaction, the chief financial officer directly owned 118,275 shares in the company, valued at approximately $11,344,938. This represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 5,444 shares of company stock worth $491,574 in the last ninety days. Corporate insiders own 1.77% of the company’s stock.

Itron Company Profile

(Free Report)

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.