Zurcher Kantonalbank Zurich Cantonalbank Has $401,000 Stake in iRobot Co. (IRBT)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 26.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,651 shares of the industrial products company’s stock after selling 1,294 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in iRobot were worth $401,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in IRBT. FMR LLC lifted its holdings in shares of iRobot by 509.3% during the 2nd quarter. FMR LLC now owns 2,105,907 shares of the industrial products company’s stock worth $159,565,000 after acquiring an additional 1,760,300 shares during the period. Columbus Circle Investors bought a new position in shares of iRobot during the 3rd quarter worth about $22,893,000. Voya Investment Management LLC lifted its holdings in shares of iRobot by 34.8% during the 2nd quarter. Voya Investment Management LLC now owns 617,148 shares of the industrial products company’s stock worth $46,761,000 after acquiring an additional 159,478 shares during the period. Global X Management Co LLC lifted its holdings in shares of iRobot by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 572,553 shares of the industrial products company’s stock worth $43,382,000 after acquiring an additional 83,575 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of iRobot by 182.5% during the 3rd quarter. Wells Fargo & Company MN now owns 76,502 shares of the industrial products company’s stock worth $8,409,000 after acquiring an additional 49,426 shares during the period. 97.24% of the stock is owned by institutional investors.

In related news, EVP Russell J. Campanello sold 48,582 shares of iRobot stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $110.63, for a total transaction of $5,374,626.66. Following the completion of the transaction, the executive vice president now directly owns 86,050 shares of the company’s stock, valued at approximately $9,519,711.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 4,272 shares of iRobot stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $104.16, for a total transaction of $444,971.52. Following the transaction, the executive vice president now directly owns 59,445 shares of the company’s stock, valued at $6,191,791.20. The disclosure for this sale can be found here. Insiders have sold a total of 145,529 shares of company stock valued at $14,426,706 over the last three months. 4.49% of the stock is currently owned by insiders.

IRBT has been the subject of a number of analyst reports. BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a report on Monday, August 20th. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Piper Jaffray Companies downgraded shares of iRobot from an “overweight” rating to a “neutral” rating in a report on Monday, October 8th. Finally, Sidoti downgraded shares of iRobot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 4th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.20.

Shares of IRBT stock opened at $90.83 on Friday. iRobot Co. has a 12-month low of $55.77 and a 12-month high of $118.75. The stock has a market cap of $2.54 billion, a P/E ratio of 34.09, a PEG ratio of 1.66 and a beta of 1.77.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.64. iRobot had a net margin of 6.52% and a return on equity of 15.95%. The firm had revenue of $264.50 million during the quarter, compared to the consensus estimate of $245.12 million. During the same period last year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. On average, equities analysts predict that iRobot Co. will post 2.69 earnings per share for the current fiscal year.

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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 stair.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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