Bridge City Capital LLC bought a new position in iRobot Corporation (NASDAQ:IRBT) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 15,720 shares of the industrial products company’s stock, valued at approximately $1,323,000. Bridge City Capital LLC owned 0.06% of iRobot Corporation at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IRBT. State of Alaska Department of Revenue raised its stake in iRobot Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,010 shares of the industrial products company’s stock worth $199,000 after buying an additional 70 shares during the last quarter. Capital One National Association increased its position in shares of iRobot Corporation by 1.0% in the first quarter. Capital One National Association now owns 7,188 shares of the industrial products company’s stock worth $475,000 after buying an additional 74 shares during the period. Louisiana State Employees Retirement System increased its position in shares of iRobot Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock worth $942,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its position in shares of iRobot Corporation by 0.7% in the second quarter. Arizona State Retirement System now owns 14,267 shares of the industrial products company’s stock worth $1,200,000 after buying an additional 100 shares during the period. Finally, NEXT Financial Group Inc increased its position in shares of iRobot Corporation by 6.2% in the second quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after buying an additional 110 shares during the period. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of iRobot Corporation (IRBT) traded up 0.67% during midday trading on Friday, reaching $91.30. 104,426 shares of the company were exchanged. iRobot Corporation has a 12-month low of $38.19 and a 12-month high of $109.78. The company has a 50 day moving average price of $95.24 and a 200-day moving average price of $80.82. The stock has a market capitalization of $2.53 billion, a P/E ratio of 44.78 and a beta of 1.18.

iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.55. The firm had revenue of $183.14 million for the quarter, compared to analyst estimates of $174.65 million. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. On average, analysts forecast that iRobot Corporation will post $1.58 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on IRBT. BidaskClub downgraded shares of iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of 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 shares of iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. Piper Jaffray Companies boosted their price target on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Dougherty & Co lowered shares of iRobot Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $73.63.

In other news, EVP Russell J. Campanello sold 10,000 shares of iRobot Corporation stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $85.00, for a total value of $850,000.00. Following the sale, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at $7,006,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alison Dean sold 17,646 shares of iRobot Corporation stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $90.00, for a total value of $1,588,140.00. Following the completion of the sale, the chief financial officer now directly owns 82,080 shares in the company, valued at $7,387,200. The disclosure for this sale can be found here. Insiders sold 147,721 shares of company stock worth $14,483,004 over the last ninety days. 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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Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

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