State Board of Administration of Florida Retirement System Has $1.53 Million Stake in iRobot Corporation (IRBT)

State Board of Administration of Florida Retirement System trimmed its stake in iRobot Corporation (NASDAQ:IRBT) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,910 shares of the industrial products company’s stock after selling 1,470 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of iRobot Corporation worth $1,534,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IRBT. BlackRock Inc. increased its stake in shares of iRobot Corporation by 13.6% in the 2nd quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after purchasing an additional 448,157 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in iRobot Corporation by 363.7% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 446,594 shares of the industrial products company’s stock worth $37,576,000 after buying an additional 350,292 shares during the period. State Street Corp boosted its holdings in iRobot Corporation by 46.1% in the 2nd quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock worth $78,353,000 after buying an additional 293,988 shares during the period. Vanguard Group Inc. boosted its holdings in iRobot Corporation by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after buying an additional 277,161 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in iRobot Corporation by 50.9% in the 2nd quarter. Acadian Asset Management LLC now owns 516,492 shares of the industrial products company’s stock worth $43,456,000 after buying an additional 174,179 shares during the period. Hedge funds and other institutional investors own 79.93% of the company’s stock.

In related news, Director Ronald Chwang sold 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $92.71, for a total value of $927,100.00. Following the completion of the transaction, the director now owns 12,630 shares of the company’s stock, valued at approximately $1,170,927.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Glen Daniel Weinstein sold 728 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 44,537 shares of company stock valued at $4,380,800. 4.49% of the stock is owned by insiders.

Several brokerages recently weighed in on IRBT. Zacks Investment Research downgraded shares of iRobot Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub raised shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Canaccord Genuity upped their target price on shares of iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, July 27th. Piper Jaffray Companies increased their price objective on shares of iRobot Corporation to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Needham & Company LLC reissued a “hold” rating on shares of iRobot Corporation in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $68.50.

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iRobot Corporation (NASDAQ:IRBT) opened at $70.71 on Friday. iRobot Corporation has a 1-year low of $52.12 and a 1-year high of $109.78. The company has a market cap of $1,902.72, a PE ratio of 36.31, a P/E/G ratio of 1.85 and a beta of 1.00.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. iRobot Corporation had a net margin of 7.80% and a return on equity of 12.79%. The firm had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. During the same quarter last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. equities analysts predict that iRobot Corporation will post 1.84 earnings per share for the current year.

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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