Teachers Advisors LLC Increases Position in iRobot Corporation (IRBT)
Teachers Advisors LLC boosted its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 5.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,735 shares of the industrial products company’s stock after buying an additional 2,502 shares during the period. Teachers Advisors LLC owned approximately 0.17% of iRobot Corporation worth $3,091,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in IRBT. Pictet Asset Management Ltd. boosted its stake in shares of iRobot Corporation by 101.7% in the first quarter. Pictet Asset Management Ltd. now owns 932,876 shares of the industrial products company’s stock valued at $61,700,000 after buying an additional 470,347 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of iRobot Corporation by 204.0% in the first quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock valued at $28,241,000 after buying an additional 286,510 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in shares of iRobot Corporation during the first quarter valued at about $11,449,000. Wells Fargo & Company MN boosted its stake in shares of iRobot Corporation by 333.9% in the first quarter. Wells Fargo & Company MN now owns 202,817 shares of the industrial products company’s stock valued at $13,415,000 after buying an additional 156,075 shares during the last quarter. Finally, Spark Investment Management LLC boosted its stake in shares of iRobot Corporation by 71.8% in the first quarter. Spark Investment Management LLC now owns 220,200 shares of the industrial products company’s stock valued at $14,564,000 after buying an additional 92,000 shares during the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.
Shares of iRobot Corporation (NASDAQ IRBT) traded up 1.34% during mid-day trading on Friday, hitting $102.23. The stock had a trading volume of 470,255 shares. The firm has a 50 day moving average of $93.54 and a 200 day moving average of $78.52. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 50.14 and a beta of 1.18. iRobot Corporation has a one year low of $38.19 and a one year high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.55. The firm had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, analysts forecast that iRobot Corporation will post $2.00 earnings per share for the current year.
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IRBT has been the topic of several research reports. BidaskClub cut iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot Corporation in a research note on Saturday, April 22nd. Canaccord Genuity reiterated a “buy” rating and set a $90.00 price target on shares of iRobot Corporation in a research report on Wednesday, April 26th. Finally, Dougherty & Co cut iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. iRobot Corporation presently has a consensus rating of “Hold” and a consensus price target of $73.63.
In other iRobot Corporation news, Director Ronald Chwang sold 3,243 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.32, for a total transaction of $344,795.76. Following the completion of the transaction, the director now owns 22,630 shares in the company, valued at $2,406,021.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Glen Daniel Weinstein sold 10,462 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $98.61, for a total transaction of $1,031,657.82. Following the transaction, the executive vice president now owns 75,308 shares of the company’s stock, valued at approximately $7,426,121.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,721 shares of company stock valued at $14,483,004. Corporate insiders own 4.49% of the company’s stock.
iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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