iRobot Corporation (IRBT) Stake Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of iRobot Corporation (NASDAQ:IRBT) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,360 shares of the industrial products company’s stock after selling 264 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of iRobot Corporation worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of iRobot Corporation by 13.6% during the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after buying an additional 448,157 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of iRobot Corporation by 9.3% during the second 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 in the last quarter. State Street Corp increased its holdings in shares of iRobot Corporation by 46.1% during the second 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 in the last quarter. Baillie Gifford & Co. increased its holdings in shares of iRobot Corporation by 12.9% during the second quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock worth $62,834,000 after buying an additional 85,124 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of iRobot Corporation by 7.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 546,907 shares of the industrial products company’s stock worth $46,017,000 after buying an additional 37,810 shares in the last quarter. 81.31% of the stock is owned by institutional investors.

Shares of iRobot Corporation (IRBT) opened at $68.55 on Tuesday. iRobot Corporation has a fifty-two week low of $48.85 and a fifty-two week high of $109.78. The firm has a market cap of $1,878.74, a P/E ratio of 35.85, a P/E/G ratio of 1.83 and a beta of 1.00.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $204.52 million. During the same period last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. equities research analysts anticipate that iRobot Corporation will post 1.84 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of iRobot Corporation from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, November 2nd. Canaccord Genuity raised their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub raised shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies raised their price target 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $62.57.

In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 728 shares of the firm’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 transaction, the executive vice president now directly owns 68,355 shares of the company’s stock, valued at $6,835,500. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alison Dean sold 33,809 shares of the firm’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 in the company, valued at $8,260,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,537 shares of company stock worth $4,380,800. Insiders own 4.49% of the company’s stock.

iRobot Corporation Company Profile

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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