Ecofin LTD Has Cut Its Itron (ITRI) Position; Last Week SAP SE (SAP) Coverage

February 15, 2018 - By Migdalia James

Ecofin Ltd decreased Itron Inc (ITRI) stake by 99.02% reported in 2017Q3 SEC filing. Ecofin Ltd sold 14.08 million shares as Itron Inc (ITRI)’s stock rose 2.27%. The Ecofin Ltd holds 138,759 shares with $10.75M value, down from 14.22M last quarter. Itron Inc now has $2.62 billion valuation. The stock increased 0.97% or $0.65 during the last trading session, reaching $67.6. About 179,925 shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 59.09% since February 15, 2017 and is uptrending. It has outperformed by 42.39% the S&P500.

Among 21 analysts covering Sap Ag (NYSE:SAP), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Sap Ag had 56 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Friday, October 13. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, April 26. HSBC upgraded SAP SE (NYSE:SAP) on Wednesday, October 14 to “Buy” rating. The company was maintained on Monday, February 12 by Stifel Nicolaus. As per Friday, October 20, the company rating was initiated by BMO Capital Markets. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 21. On Tuesday, January 26 the stock rating was maintained by Argus Research with “Buy”. Stifel Nicolaus maintained the stock with “Sell” rating in Friday, July 14 report. As per Wednesday, January 17, the company rating was maintained by RBC Capital Markets. As per Thursday, October 19, the company rating was maintained by Cowen & Co. See SAP SE (NYSE:SAP) latest ratings:

12/02/2018 Broker: Bernstein Rating: Buy New Target: $122.0 Maintain
12/02/2018 Broker: Stifel Nicolaus Rating: Sell New Target: $80.0 Maintain
30/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $123.0 Maintain
30/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $116.0 Maintain
24/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $121.0 Maintain
17/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $120.0 Maintain
12/01/2018 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Weight Downgrade
05/01/2018 Broker: Barclays Capital Rating: Buy New Target: $132.0
23/10/2017 Broker: Argus Research Rating: Buy Old Target: $118 New Target: $130 Maintain
19/10/2017 Broker: Cowen & Co Rating: Buy New Target: $117.0 Maintain

The stock increased 2.27% or $2.33 during the last trading session, reaching $105.13. About 1.12 million shares traded or 25.42% up from the average. SAP SE (NYSE:SAP) has risen 36.82% since February 15, 2017 and is uptrending. It has outperformed by 20.12% the S&P500.

SAP SE operates as an enterprise application software and database firm worldwide. The company has market cap of $119.20 billion. It offers SAP HANA and SAP S/4HANA, which are in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate legacy systems and siloed data; SAP BW/4HANA, a data warehouse software; SAP S/4HANA Cloud, a software-as-a-service solution that provides the scalability, ease of management, and security; SAP SuccessFactors, a suite of human capital management solutions to develop, manage, engage, and empower the workforce; SAP Concur, a travel and expense management solution; SAP Ariba, a guided buying, light enablement, and open platform solution; and SAP Fieldglass, a solution to procure and manage external workforce. It has a 25.35 P/E ratio. The firm also provides SAP Cloud Platform, an in-memory platform-as-a-service to build, run, and extend business applications; SAP BusinessObjects Cloud, a cloud analytics solution; SAP Digital Boardroom, a solution to access firm data in real time; and SAP Leonardo, a solution to digitize manufacturing, logistics, and asset management processes, as well as maintenance, consulting, and training services.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.23, from 1.28 in 2017Q2. It is negative, as 23 investors sold ITRI shares while 78 reduced holdings. 42 funds opened positions while 64 raised stakes. 35.44 million shares or 28.58% less from 49.62 million shares in 2017Q2 were reported. Invesco stated it has 0.02% in Itron, Inc. (NASDAQ:ITRI). 2,912 were reported by Balyasny Asset Management Limited Company. Connecticut-based Amg Funds Ltd Co has invested 0.57% in Itron, Inc. (NASDAQ:ITRI). Utd Services Automobile Association has 0.03% invested in Itron, Inc. (NASDAQ:ITRI). Advisory reported 26,833 shares stake. Jupiter Asset Management Limited holds 0.66% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 250,046 shares. Fairpointe Capital Llc holds 1.38% or 902,769 shares in its portfolio. Hsbc Holdg Public Ltd, United Kingdom-based fund reported 4,699 shares. Citigroup accumulated 25,453 shares or 0% of the stock. Pinebridge Investments Limited Partnership owns 4,227 shares. California Pub Employees Retirement Sys holds 0.01% or 98,796 shares. Public Employees Retirement Association Of Colorado stated it has 0% in Itron, Inc. (NASDAQ:ITRI). Zacks Inv invested in 0.03% or 13,931 shares. Cwh Capital has 5,179 shares for 0.2% of their portfolio. Dimensional Fund Advisors Limited Partnership, Texas-based fund reported 963,409 shares.

Analysts await Itron, Inc. (NASDAQ:ITRI) to report earnings on February, 27. They expect $0.94 EPS, up 38.24% or $0.26 from last year’s $0.68 per share. ITRI’s profit will be $36.40M for 17.98 P/E if the $0.94 EPS becomes a reality. After $0.77 actual EPS reported by Itron, Inc. for the previous quarter, Wall Street now forecasts 22.08% EPS growth.

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