iRobot Co. (IRBT) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of iRobot Co. (NASDAQ:IRBT) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,167 shares of the industrial products company’s stock after selling 1,427 shares during the quarter. Sei Investments Co. owned about 0.19% of iRobot worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of iRobot by 4.1% during the first quarter. BlackRock Inc. now owns 3,931,536 shares of the industrial products company’s stock valued at $252,366,000 after purchasing an additional 153,263 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of iRobot by 47.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 978,328 shares of the industrial products company’s stock valued at $75,038,000 after purchasing an additional 315,233 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of iRobot by 60.8% during the first quarter. Global X Management Co. LLC now owns 488,978 shares of the industrial products company’s stock valued at $31,387,000 after purchasing an additional 184,845 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of iRobot by 107.6% during the fourth quarter. Vident Investment Advisory LLC now owns 484,539 shares of the industrial products company’s stock valued at $37,164,000 after purchasing an additional 251,095 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of iRobot by 3.1% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 377,008 shares of the industrial products company’s stock valued at $28,917,000 after purchasing an additional 11,202 shares during the last quarter. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. ValuEngine cut shares of iRobot from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 7th. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Thursday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of iRobot from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th. Finally, Piper Jaffray Companies raised shares of iRobot from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $61.80 to $78.00 in a research note on Wednesday, April 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. iRobot has a consensus rating of “Hold” and an average price target of $68.20.



In other news, CEO Colin M. Angle sold 13,334 shares of iRobot stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,000,050.00. Following the transaction, the chief executive officer now directly owns 499,173 shares of the company’s stock, valued at $37,437,975. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Russell J. Campanello sold 11,950 shares of iRobot stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $896,250.00. Following the transaction, the executive vice president now directly owns 86,625 shares in the company, valued at $6,496,875. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,920 shares of company stock worth $1,940,445. Insiders own 3.51% of the company’s stock.

Shares of iRobot opened at $77.97 on Wednesday, MarketBeat.com reports. iRobot Co. has a 52-week low of $55.77 and a 52-week high of $109.78. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.22. iRobot had a net margin of 5.90% and a return on equity of 12.95%. The firm had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $212.81 million. During the same period last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 28.8% on a year-over-year basis. equities research analysts predict that iRobot Co. will post 2.3 EPS for the current year.

iRobot declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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