State of Tennessee Treasury Department lessened its holdings in shares of iRobot Corporation (NASDAQ:IRBT) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,962 shares of the industrial products company’s stock after selling 1,515 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.09% of iRobot Corporation worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in IRBT. BlackRock Inc. raised its holdings in shares of iRobot Corporation by 13.6% during the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock valued at $315,648,000 after acquiring an additional 448,157 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in shares of iRobot Corporation by 363.7% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 446,594 shares of the industrial products company’s stock valued at $37,576,000 after acquiring an additional 350,292 shares in the last quarter. State Street Corp raised its holdings in shares of iRobot Corporation by 46.1% during the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after acquiring an additional 293,988 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of iRobot Corporation by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock valued at $272,776,000 after acquiring an additional 277,161 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of iRobot Corporation by 50.9% during the second quarter. Acadian Asset Management LLC now owns 516,492 shares of the industrial products company’s stock valued at $43,456,000 after acquiring an additional 174,179 shares in the last quarter. Institutional investors own 81.28% of the company’s stock.

IRBT has been the subject of a number of research reports. SprucePoint Capital reiterated a “sell” rating on shares of iRobot Corporation in a report on Thursday, September 14th. Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, October 17th. BidaskClub downgraded iRobot Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Sidoti upgraded iRobot Corporation from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies decreased their price objective on iRobot Corporation to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $69.67.

In other news, EVP Glen Daniel Weinstein sold 728 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the completion of the transaction, the executive vice president now directly owns 68,355 shares in the company, valued at $6,835,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Chwang sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $92.71, for a total value of $927,100.00. Following the transaction, the director now owns 12,630 shares of the company’s stock, valued at $1,170,927.30. The disclosure for this sale can be found here. Insiders have sold 44,537 shares of company stock valued at $4,380,800 over the last 90 days. Corporate insiders own 4.49% of the company’s stock.

iRobot Corporation (NASDAQ:IRBT) opened at $72.12 on Tuesday. The stock has a market capitalization of $1,991.64, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. iRobot Corporation has a twelve month low of $52.12 and a twelve month high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. iRobot Corporation had a return on equity of 12.79% and a net margin of 7.80%. The business had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. During the same quarter in the prior year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. equities analysts expect that iRobot Corporation will post 1.85 earnings per share for the current fiscal year.

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iRobot Corporation 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.

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

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