Virginia Retirement Systems ET AL decreased its position in iRobot Corporation (NASDAQ:IRBT) by 39.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,000 shares of the industrial products company’s stock after selling 5,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in iRobot were worth $616,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of 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 acquiring an additional 448,157 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of 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 acquiring an additional 350,292 shares during the last quarter. State Street Corp boosted its stake in shares of 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 acquiring an additional 293,988 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 277,161 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of 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 acquiring an additional 85,124 shares during the last quarter. 82.25% of the stock is currently owned by institutional investors.

In related news, CFO Alison Dean sold 33,809 shares of the 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 in the company, valued at $8,260,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Glen Daniel Weinstein sold 728 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $72,800.00. Following the transaction, the executive vice president now owns 68,355 shares in the company, valued at $6,835,500. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.

A number of research firms recently commented on IRBT. Citigroup began coverage on iRobot in a research note on Monday, December 4th. They set a “neutral” rating and a $74.00 price objective on the stock. Zacks Investment Research lowered iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Thursday, October 26th. Finally, Dougherty & Co reaffirmed a “neutral” rating on shares of iRobot in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $70.75.

iRobot Corporation (NASDAQ:IRBT) opened at $66.77 on Monday. iRobot Corporation has a 12-month low of $52.12 and a 12-month high of $109.78. The firm has a market capitalization of $1,850.00, a PE ratio of 35.52, a P/E/G ratio of 1.80 and a beta of 0.99.

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

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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