Envestnet Asset Management Inc. lowered its stake in iRobot Co. (NASDAQ:IRBT) by 23.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,178 shares of the industrial products company’s stock after selling 1,570 shares during the period. Envestnet Asset Management Inc.’s holdings in iRobot were worth $302,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of IRBT. BlackRock Fund Advisors boosted its position in shares of iRobot by 7.3% in the third quarter. BlackRock Fund Advisors now owns 1,876,014 shares of the industrial products company’s stock valued at $82,507,000 after buying an additional 127,699 shares in the last quarter. FMR LLC boosted its position in shares of iRobot by 8.7% in the fourth quarter. FMR LLC now owns 739,174 shares of the industrial products company’s stock valued at $43,205,000 after buying an additional 59,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of iRobot by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 707,779 shares of the industrial products company’s stock valued at $31,128,000 after buying an additional 3,520 shares in the last quarter. State Street Corp boosted its position in iRobot by 6.2% in the fourth quarter. State Street Corp now owns 589,677 shares of the industrial products company’s stock worth $34,463,000 after buying an additional 34,477 shares during the period. Finally, Columbus Circle Investors bought a new position in iRobot during the third quarter worth $19,004,000. 79.37% of the stock is owned by hedge funds and other institutional investors.
iRobot Co. (NASDAQ:IRBT) traded up 0.25% during midday trading on Friday, reaching $67.61. The company’s stock had a trading volume of 481,348 shares. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 45.68 and a beta of 1.15. iRobot Co. has a 12 month low of $33.90 and a 12 month high of $68.39. The stock’s 50-day moving average price is $62.45 and its 200-day moving average price is $56.81.
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IRBT has been the subject of a number of analyst reports. Zacks Investment Research cut iRobot from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 24th. Needham & Company LLC cut iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $68.00 price objective on shares of iRobot in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.71.
In other news, CEO Colin M. Angle sold 9,857 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $63.41, for a total value of $625,032.37. Following the sale, the chief executive officer now directly owns 482,601 shares of the company’s stock, valued at $30,601,729.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Alison Dean sold 7,375 shares of the firm’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $66.59, for a total value of $491,101.25. Following the completion of the sale, the chief financial officer now directly owns 90,656 shares in the company, valued at $6,036,783.04. The disclosure for this sale can be found here. Insiders have sold 26,717 shares of company stock worth $1,741,100 over the last three months. Company insiders own 5.53% of the company’s stock.
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.
