Mission Wealth Management LP Has $277,000 Holdings in iRobot Co. (NASDAQ:IRBT)

Mission Wealth Management LP boosted its stake in shares of iRobot Co. (NASDAQ:IRBT) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,647 shares of the industrial products company’s stock after purchasing an additional 301 shares during the quarter. Mission Wealth Management LP’s holdings in iRobot were worth $277,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of iRobot by 21.6% in the 1st quarter. US Bancorp DE now owns 2,373 shares of the industrial products company’s stock valued at $97,000 after buying an additional 422 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of iRobot by 14.1% in the 1st quarter. Nuveen Asset Management LLC now owns 162,510 shares of the industrial products company’s stock valued at $6,646,000 after buying an additional 20,027 shares in the last quarter. Deutsche Bank AG raised its stake in shares of iRobot by 9.4% in the 1st quarter. Deutsche Bank AG now owns 79,504 shares of the industrial products company’s stock valued at $3,252,000 after buying an additional 6,824 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of iRobot by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 401,319 shares of the industrial products company’s stock valued at $16,413,000 after buying an additional 27,440 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of iRobot by 52.7% in the 1st quarter. Wells Fargo & Company MN now owns 61,093 shares of the industrial products company’s stock valued at $2,498,000 after buying an additional 21,093 shares in the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

In related news, EVP Timothy Saeger sold 2,221 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $90.00, for a total value of $199,890.00. Following the transaction, the executive vice president now directly owns 21,897 shares in the company, valued at $1,970,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ruey Bin Kao sold 648 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $74.78, for a total transaction of $48,457.44. Following the completion of the transaction, the director now owns 5,946 shares in the company, valued at $444,641.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,914 shares of company stock worth $2,079,689. Insiders own 2.91% of the company’s stock.

A number of equities analysts have recently issued reports on IRBT shares. ValuEngine cut shares of iRobot from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. Colliers Secur. lowered shares of iRobot from a “buy” rating to a “neutral” rating in a report on Thursday, July 23rd. Northland Securities upped their target price on shares of iRobot from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. TheStreet raised shares of iRobot from a “c” rating to a “b-” rating in a report on Wednesday, July 22nd. Finally, Citigroup upped their target price on shares of iRobot from $60.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $78.88.

Shares of NASDAQ:IRBT opened at $89.28 on Friday. iRobot Co. has a 12 month low of $32.79 and a 12 month high of $92.31. The company’s 50-day moving average price is $78.77 and its two-hundred day moving average price is $71.86. The firm has a market cap of $2.50 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.79 and a beta of 1.58.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.77. iRobot had a net margin of 8.08% and a return on equity of 9.55%. The firm had revenue of $279.88 million for the quarter, compared to analyst estimates of $264.48 million. As a group, analysts expect that iRobot Co. will post 1.56 EPS for the current year.

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 stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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