PNC Financial Services Group Inc. boosted its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 16.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,988 shares of the industrial products company’s stock after buying an additional 277 shares during the period. PNC Financial Services Group Inc.’s holdings in iRobot Corporation were worth $132,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP purchased a new stake in iRobot Corporation during the first quarter valued at approximately $10,671,000. California Public Employees Retirement System boosted its stake in iRobot Corporation by 0.7% in the first quarter. California Public Employees Retirement System now owns 42,600 shares of the industrial products company’s stock valued at $2,818,000 after buying an additional 300 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in iRobot Corporation by 78.8% in the first quarter. TIAA CREF Investment Management LLC now owns 137,855 shares of the industrial products company’s stock valued at $9,118,000 after buying an additional 60,762 shares during the last quarter. Teachers Advisors LLC boosted its stake in iRobot Corporation by 5.7% in the first quarter. Teachers Advisors LLC now owns 46,735 shares of the industrial products company’s stock valued at $3,091,000 after buying an additional 2,502 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in 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. Hedge funds and other institutional investors own 84.09% of the company’s stock.

iRobot Corporation (NASDAQ:IRBT) traded down 1.56% during trading on Friday, reaching $97.28. The company’s stock had a trading volume of 1,069,785 shares. The company has a market cap of $2.69 billion, a PE ratio of 47.71 and a beta of 1.18. iRobot Corporation has a 52-week low of $38.19 and a 52-week high of $109.78. The stock has a 50-day moving average price of $94.52 and a 200 day moving average price of $79.93.

iRobot Corporation (NASDAQ:IRBT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The company had revenue of $183.14 million during the quarter, compared to analyst estimates of $174.65 million. During the same quarter in the previous year, the company posted $0.17 EPS. iRobot Corporation’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts expect that iRobot Corporation will post $2.00 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “iRobot Corporation (NASDAQ:IRBT) Shares Bought by PNC Financial Services Group Inc.” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/19/irobot-corporation-nasdaqirbt-stake-raised-by-pnc-financial-services-group-inc-updated-updated-updated.html.

Several equities research analysts have commented on the company. BidaskClub upgraded iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity boosted their price target on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies boosted their price target on iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co lowered iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. iRobot Corporation presently has a consensus rating of “Hold” and a consensus price target of $73.63.

In other news, Director Deborah G. Ellinger sold 7,082 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $105.21, for a total value of $745,097.22. Following the completion of the sale, the director now owns 17,858 shares of the company’s stock, valued at approximately $1,878,840.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Christian Cerda sold 75,121 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $100.06, for a total value of $7,516,607.26. Following the completion of the sale, the chief operating officer now directly owns 98,300 shares of the company’s stock, valued at approximately $9,835,898. The disclosure for this sale can be found here. In the last three months, insiders sold 147,721 shares of company stock valued at $14,483,004. 4.49% of the stock is currently owned by corporate insiders.

About iRobot Corporation

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.

Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

Receive News & Stock Ratings for iRobot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corporation and related stocks with our FREE daily email newsletter.