Disciplined Growth Investors Inc. MN cut its holdings in iRobot Corporation (NASDAQ:IRBT) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,806 shares of the industrial products company’s stock after selling 17,725 shares during the period. Disciplined Growth Investors Inc. MN owned 1.31% of iRobot worth $28,189,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its holdings in shares of iRobot by 14.0% during the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 162 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of iRobot by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 665 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of iRobot during the 2nd quarter worth approximately $143,000. IFP Advisors Inc raised its holdings in shares of iRobot by 15.4% during the 2nd quarter. IFP Advisors Inc now owns 2,064 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 275 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of iRobot during the 2nd quarter worth approximately $185,000. 82.25% of the stock is currently owned by institutional investors.
IRBT has been the topic of several recent research reports. BidaskClub cut iRobot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, November 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 price objective (down from $95.00) on shares of iRobot in a report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $70.75.
Shares of iRobot Corporation (NASDAQ IRBT) opened at $66.34 on Tuesday. iRobot Corporation has a twelve month low of $52.12 and a twelve month high of $109.78. The firm has a market capitalization of $1,861.18, a price-to-earnings ratio of 35.52, a P/E/G ratio of 1.80 and a beta of 0.99.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $204.52 million. During the same quarter in the prior year, the firm posted $0.70 EPS. iRobot’s quarterly revenue was up 21.8% compared to the same quarter last year. analysts forecast that iRobot Corporation will post 1.85 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/12/12/irobot-corporation-irbt-shares-sold-by-disciplined-growth-investors-inc-mn.html.
iRobot Company Profile
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.
Receive News & Ratings for iRobot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.