Sun Sep 15 10:46:56 UTC 2024: ## Itron Sees Increased Interest from Investors

**[City, State] – September 15, 2024** – Itron, Inc. (NASDAQ: ITRI), a leading provider of technology, solutions, and services for energy, water, and smart city operations, has seen increased interest from investors in recent months.

Acadian Asset Management LLC acquired a new position in the company during the second quarter, investing approximately $2,050,000 in 20,738 shares. This follows a trend of other large investors boosting their stakes in Itron, including Hexagon Capital Partners LLC, Contravisory Investment Management Inc., GAMMA Investing LLC, and CWM LLC.

Analysts are also optimistic about Itron’s prospects. TD Cowen raised their target price to $125.00 and maintained a “buy” rating, while Piper Sandler and Oppenheimer also increased their price targets. StockNews.com downgraded the stock to a “buy” rating but still sees positive potential. Overall, analysts have a “Moderate Buy” rating with an average target price of $118.64, indicating a potential for growth.

Itron recently reported strong second-quarter earnings, exceeding analyst expectations. The company’s revenue grew 12.6% year-over-year, driven by continued demand for its smart grid and water management solutions. This performance has fueled investor confidence in Itron’s future prospects.

Despite insider selling activity in recent months, institutional investors continue to hold a significant stake in Itron, with 96.19% of the stock owned by them. This reflects the strong belief in the company’s long-term growth potential.

**About Itron**

Itron is a technology company that provides end-to-end solutions for energy, water, and smart city operations worldwide. The company’s offerings include hardware products, software solutions, and managed services.

**Disclaimer:** This news article is based on publicly available information and should not be considered as financial advice.

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