Juncture Wealth Strategies LLC Grows Position in iRobot Co. (NASDAQ:IRBT)

Juncture Wealth Strategies LLC lifted its stake in shares of iRobot Co. (NASDAQ:IRBT) by 33.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,394 shares of the industrial products company’s stock after buying an additional 1,361 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in iRobot were worth $423,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its holdings in shares of iRobot by 6.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the industrial products company’s stock valued at $1,060,000 after buying an additional 800 shares during the period. State of Alaska Department of Revenue increased its holdings in iRobot by 5.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,447 shares of the industrial products company’s stock worth $1,605,000 after purchasing an additional 1,010 shares during the last quarter. Virtu Financial LLC purchased a new stake in iRobot during the 2nd quarter worth approximately $739,000. Elephas Investment Management Ltd purchased a new stake in iRobot during the 2nd quarter worth approximately $2,960,000. Finally, Snider Financial Group purchased a new stake in iRobot during the 2nd quarter worth approximately $368,000. Institutional investors and hedge funds own 87.61% of the company’s stock.

Several equities research analysts have issued reports on IRBT shares. JPMorgan Chase & Co. downgraded iRobot to a “hold” rating and set a $103.00 price objective on the stock. in a report on Thursday, August 5th. Zacks Investment Research downgraded iRobot from a “hold” rating to a “sell” rating and set a $91.00 price objective on the stock. in a report on Tuesday, November 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.00.

In other news, insider David Keith Hartsfield sold 4,083 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $82.60, for a total value of $337,255.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Colin M. Angle sold 11,969 shares of the company’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $83.55, for a total value of $1,000,009.95. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.

Shares of IRBT opened at $79.70 on Friday. The stock has a 50 day moving average of $83.94 and a 200-day moving average of $87.80. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 13.22 and a beta of 1.27. iRobot Co. has a 52 week low of $74.01 and a 52 week high of $197.40.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, October 26th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $0.70 by $0.97. The firm had revenue of $440.68 million during the quarter, compared to analysts’ expectations of $417.04 million. iRobot had a return on equity of 8.84% and a net margin of 4.55%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.37 EPS. As a group, sell-side analysts forecast that iRobot Co. will post 0.65 EPS for the current year.

iRobot Profile

iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums, robot maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.

See Also: Balanced Fund

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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