iRobot Corporation (IRBT) Position Cut by State of Tennessee Treasury Department

State of Tennessee Treasury Department cut its holdings in shares of iRobot Corporation (NASDAQ:IRBT) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 worth $1,847,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IRBT. Arizona State Retirement System lifted its stake in iRobot by 0.7% in the second quarter. Arizona State Retirement System now owns 14,267 shares of the industrial products company’s stock worth $1,200,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in iRobot by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock worth $942,000 after buying an additional 100 shares in the last quarter. Amalgamated Bank raised its stake in iRobot by 4.0% in the second quarter. Amalgamated Bank now owns 3,693 shares of the industrial products company’s stock worth $311,000 after buying an additional 141 shares in the last quarter. Creative Planning raised its stake in iRobot by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after buying an additional 162 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in iRobot by 3.5% in the second quarter. Profund Advisors LLC now owns 4,926 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.

IRBT has been the topic of a number of research analyst reports. Dougherty & Co reissued a “neutral” rating on shares of iRobot in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, October 24th. BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 23rd. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research report on Thursday, October 26th. Finally, SprucePoint Capital reissued a “sell” rating on shares of iRobot in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.75.

Shares of iRobot Corporation (IRBT) traded down $0.20 during trading hours on Wednesday, reaching $65.03. 832,862 shares of the company traded hands, compared to its average volume of 870,349. iRobot Corporation has a 12-month low of $52.12 and a 12-month high of $109.78. The firm has a market cap of $1,800.14, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.74 and a beta of 0.99.

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

In other news, EVP Glen Daniel Weinstein sold 728 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $72,800.00. Following the completion of the transaction, the executive vice president now owns 68,355 shares of the company’s stock, valued at $6,835,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Alison Dean sold 33,809 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $3,380,900.00. Following the completion of the transaction, the chief financial officer now directly owns 82,609 shares of the company’s stock, valued at approximately $8,260,900. The disclosure for this sale can be found here. 4.49% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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