State of Alaska Department of Revenue Has $455,000 Stake in iRobot Corporation (IRBT)

State of Alaska Department of Revenue boosted its stake in iRobot Corporation (NASDAQ:IRBT) by 79.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,414 shares of the industrial products company’s stock after buying an additional 2,404 shares during the period. State of Alaska Department of Revenue’s holdings in iRobot Corporation were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IRBT. BlackRock Inc. increased its stake in iRobot Corporation by 124,694.7% in the first quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock valued at $218,483,000 after buying an additional 3,300,668 shares during the period. Vanguard Group Inc. increased its stake in iRobot Corporation by 27.4% in the first quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock valued at $196,089,000 after buying an additional 637,890 shares during the period. Columbia Wanger Asset Management LLC increased its stake in iRobot Corporation by 10.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,378,409 shares of the industrial products company’s stock valued at $91,168,000 after buying an additional 131,030 shares during the period. OppenheimerFunds Inc. increased its stake in iRobot Corporation by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock valued at $73,715,000 after buying an additional 8,824 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in iRobot Corporation by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 948,086 shares of the industrial products company’s stock valued at $62,706,000 after buying an additional 56,545 shares during the period. 84.09% of the stock is owned by institutional investors.

Shares of iRobot Corporation (NASDAQ IRBT) traded down 1.56% during midday trading on Friday, reaching $97.28. The company had a trading volume of 1,069,785 shares. The company’s 50 day moving average price is $94.52 and its 200 day moving average price is $79.93. The stock has a market capitalization of $2.69 billion, a PE ratio of 47.71 and a beta of 1.18. iRobot Corporation has a 52-week low of $38.19 and a 52-week high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The company had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. During the same period last year, the business posted $0.17 EPS. The company’s revenue was up 23.2% on a year-over-year basis. Equities research analysts expect that iRobot Corporation will post $2.00 earnings per share for the current year.

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IRBT has been the subject of several recent research reports. Canaccord Genuity downgraded iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Wednesday, May 31st. They noted that the move was a valuation call. Zacks Investment Research downgraded iRobot Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. Needham & Company LLC restated a “hold” rating on shares of iRobot Corporation in a report on Saturday, April 22nd. Finally, Piper Jaffray Companies lifted their price objective on 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.63.

In related news, EVP Russell J. Campanello sold 10,000 shares of iRobot Corporation stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $85.00, for a total transaction of $850,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,434 shares of the company’s stock, valued at $7,006,890. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Christian Cerda sold 75,121 shares of iRobot Corporation stock in a transaction on Friday, June 9th. The stock was sold at an average price of $100.06, for a total value of $7,516,607.26. Following the transaction, the chief operating officer now directly owns 98,300 shares of the company’s stock, valued at $9,835,898. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,721 shares of company stock worth $14,483,004. Company insiders own 4.49% of the company’s stock.

About iRobot Corporation

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 Corporation (NASDAQ:IRBT)

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