California Public Employees Retirement System Grows Stake in iRobot Corporation (IRBT)

California Public Employees Retirement System raised its position in iRobot Corporation (NASDAQ:IRBT) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,700 shares of the industrial products company’s stock after purchasing an additional 1,100 shares during the quarter. California Public Employees Retirement System owned 0.16% of iRobot Corporation worth $3,677,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IRBT. UBS Asset Management Americas Inc. raised its holdings in shares of iRobot Corporation by 114.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 12,857 shares of the industrial products company’s stock worth $850,000 after purchasing an additional 6,858 shares during the period. Karp Capital Management Corp purchased a new position in shares of iRobot Corporation in the 1st quarter worth about $463,000. Parametric Portfolio Associates LLC raised its holdings in shares of iRobot Corporation by 11.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 50,530 shares of the industrial products company’s stock worth $3,342,000 after purchasing an additional 5,233 shares during the period. Principal Financial Group Inc. raised its holdings in shares of iRobot Corporation by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 230,963 shares of the industrial products company’s stock worth $15,276,000 after purchasing an additional 8,372 shares during the period. Finally, Teachers Advisors LLC raised its holdings in shares of iRobot Corporation by 5.7% in the 1st quarter. Teachers Advisors LLC now owns 46,735 shares of the industrial products company’s stock worth $3,091,000 after purchasing an additional 2,502 shares during the period. Institutional investors own 81.76% of the company’s stock.

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Shares of iRobot Corporation (IRBT) opened at 74.83 on Tuesday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 36.70 and a beta of 1.19. iRobot Corporation has a one year low of $43.85 and a one year high of $109.78. The company’s 50 day moving average price is $81.21 and its 200 day moving average price is $88.17.

iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm had revenue of $183.14 million for the quarter, compared to the consensus estimate of $174.65 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities analysts expect that iRobot Corporation will post $1.57 earnings per share for the current year.

A number of equities analysts have recently commented on the company. BidaskClub upgraded iRobot Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies raised their price objective on iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 3rd. Canaccord Genuity raised their price objective on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded iRobot Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.13.

In other news, CEO Colin M. Angle sold 5,886 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the sale, the chief executive officer now owns 489,463 shares in the company, valued at approximately $51,980,970.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald Chwang sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $92.71, for a total value of $927,100.00. Following the sale, the director now owns 12,630 shares of the company’s stock, valued at approximately $1,170,927.30. The disclosure for this sale can be found here. Insiders sold 72,123 shares of company stock worth $7,290,389 in the last 90 days. Corporate 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.

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Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

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