Commerzbank Aktiengesellschaft FI bought a new stake in iRobot Corporation (NASDAQ:IRBT) during the third quarter, according to its most recent filing with the SEC. The firm bought 20,914 shares of the industrial products company’s stock, valued at approximately $1,612,000. Commerzbank Aktiengesellschaft FI owned about 0.08% of iRobot at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in iRobot by 9.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 137,443 shares of the industrial products company’s stock valued at $10,592,000 after purchasing an additional 11,903 shares during the period. WINTON GROUP Ltd bought a new stake in iRobot in the 3rd quarter valued at $1,528,000. Wells Fargo & Company MN boosted its holdings in iRobot by 31.8% in the 3rd quarter. Wells Fargo & Company MN now owns 150,976 shares of the industrial products company’s stock valued at $11,634,000 after purchasing an additional 36,414 shares during the period. Trexquant Investment LP bought a new stake in iRobot in the 3rd quarter valued at $287,000. Finally, Legal & General Group Plc boosted its holdings in iRobot by 4.7% in the 3rd quarter. Legal & General Group Plc now owns 54,961 shares of the industrial products company’s stock valued at $4,235,000 after purchasing an additional 2,474 shares during the period. Institutional investors and hedge funds own 82.25% of the company’s stock.

IRBT has been the subject of a number of research reports. BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. SprucePoint Capital reissued a “sell” rating on shares of iRobot in a report on Thursday, September 14th. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, October 17th. Piper Jaffray Companies reduced their price target on shares of iRobot to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $65.00 price target (down from $95.00) on shares of iRobot in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $70.75.

In other news, EVP Glen Daniel Weinstein sold 728 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were 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 of the company’s stock, valued at approximately $6,835,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alison Dean sold 33,809 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the transaction, the chief financial officer now directly owns 82,609 shares of the company’s stock, valued at $8,260,900. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by company insiders.

iRobot Corporation (NASDAQ:IRBT) opened at $65.03 on Thursday. The company has a market cap of $1,818.26, a PE ratio of 34.70, a PEG ratio of 1.76 and a beta of 0.99. iRobot Corporation has a 1-year low of $52.12 and a 1-year high of $109.78.

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

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About iRobot

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 (NASDAQ:IRBT)

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