Arizona State Retirement System raised its stake in iRobot Corporation (NASDAQ:IRBT) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,267 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System owned approximately 0.05% of iRobot Corporation worth $1,200,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position 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 valued at $199,000 after buying an additional 70 shares in the last quarter. Capital One National Association boosted its position in 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 valued at $475,000 after buying an additional 74 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in 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 valued at $942,000 after buying an additional 100 shares in the last quarter. NEXT Financial Group Inc boosted its position in 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 valued at $159,000 after buying an additional 110 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in iRobot Corporation by 1.1% in the first quarter. United Capital Financial Advisers LLC now owns 11,745 shares of the industrial products company’s stock valued at $777,000 after buying an additional 125 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Shares of iRobot Corporation (NASDAQ IRBT) opened at 90.70 on Monday. iRobot Corporation has a 12 month low of $38.19 and a 12 month high of $109.78. The firm has a market capitalization of $2.51 billion, a PE ratio of 44.48 and a beta of 1.18. The company has a 50 day moving average price of $95.52 and a 200-day moving average price of $81.02.

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

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Several research analysts have recently issued reports on the company. Zacks Investment Research cut iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Piper Jaffray Companies upped their price objective 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. BidaskClub raised iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Dougherty & Co cut iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Finally, Canaccord Genuity upped their price objective on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $73.63.

In other news, CEO Colin M. Angle sold 5,886 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the transaction, the chief executive officer now owns 489,463 shares of the company’s stock, valued at $51,980,970.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah G. Ellinger sold 7,082 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.21, for a total transaction of $745,097.22. Following the completion of the sale, the director now directly owns 17,858 shares in the company, valued at approximately $1,878,840.18. The disclosure for this sale can be found here. Insiders have sold 147,721 shares of company stock valued at $14,483,004 in the last ninety days. 4.49% of the stock is owned by company 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.

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

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