State Street Corp Boosts Stake in Iteris, Inc. (NASDAQ:ITI)

State Street Corp increased its position in shares of Iteris, Inc. (NASDAQ:ITI) by 127.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,455,815 shares of the technology company’s stock after buying an additional 815,807 shares during the quarter. State Street Corp owned about 3.48% of Iteris worth $9,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Iteris by 8.6% in the second quarter. Vanguard Group Inc. now owns 2,112,095 shares of the technology company’s stock valued at $14,045,000 after acquiring an additional 167,415 shares during the period. Cowen Prime Advisors LLC acquired a new stake in shares of Iteris in the second quarter valued at approximately $10,618,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of Iteris by 10.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 954,359 shares of the technology company’s stock valued at $6,346,000 after acquiring an additional 88,990 shares during the period. Essex Investment Management Co. LLC boosted its holdings in shares of Iteris by 3.0% in the second quarter. Essex Investment Management Co. LLC now owns 940,107 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 27,230 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Iteris by 39.7% in the second quarter. Victory Capital Management Inc. now owns 704,174 shares of the technology company’s stock valued at $4,683,000 after acquiring an additional 200,080 shares during the period. 60.32% of the stock is currently owned by institutional investors.

Shares of NASDAQ ITI opened at $4.70 on Thursday. The business’s fifty day moving average is $5.32. Iteris, Inc. has a 1-year low of $4.65 and a 1-year high of $7.81. The firm has a market capitalization of $198.96 million, a P/E ratio of -78.33 and a beta of 1.34.

Iteris (NASDAQ:ITI) last issued its quarterly earnings results on Wednesday, November 3rd. The technology company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Iteris had a negative return on equity of 2.64% and a negative net margin of 1.70%. During the same period last year, the company earned $0.02 EPS. Equities analysts anticipate that Iteris, Inc. will post -0.02 earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, November 10th.

About Iteris

Iteris, Inc engages in the provision of smart mobility infrastructure management solutions. The firms solutions enable public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers to monitor, visualize, and optimize mobility infrastructure to help ensure roads are safe, travel is efficient, and communities thrive.

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Institutional Ownership by Quarter for Iteris (NASDAQ:ITI)

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