Point72 Asset Management L.P. acquired a new stake in shares of iRobot Corporation (NASDAQ:IRBT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,500 shares of the industrial products company’s stock, valued at approximately $2,582,000. Point72 Asset Management L.P. owned 0.12% of iRobot as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in iRobot 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 buying an additional 448,157 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in iRobot 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 buying an additional 350,292 shares during the last quarter. State Street Corp increased its holdings in iRobot 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 buying an additional 293,988 shares during the last quarter. Vanguard Group Inc. increased its holdings in iRobot 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 buying an additional 277,161 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in iRobot by 12.9% during the second quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock valued at $62,834,000 after buying an additional 85,124 shares during the last quarter. Institutional investors own 82.16% of the company’s stock.

Shares of iRobot Corporation (NASDAQ IRBT) opened at $77.56 on Thursday. The stock has a market cap of $2,083.06, a price-to-earnings ratio of 39.75, a PEG ratio of 2.02 and a beta of 0.99. iRobot Corporation has a 52 week low of $52.12 and a 52 week high of $109.78.

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

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

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iRobot 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 (NASDAQ:IRBT)

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