Global X Management Co. LLC boosted its holdings in iRobot Co. (NASDAQ:IRBT) by 127.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 304,133 shares of the industrial products company’s stock after buying an additional 170,502 shares during the period. Global X Management Co. LLC’s holdings in iRobot were worth $23,327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its holdings in iRobot by 46.1% in the 2nd quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock valued at $78,353,000 after buying an additional 293,988 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in iRobot by 106.3% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 689,707 shares of the industrial products company’s stock worth $52,900,000 after purchasing an additional 355,441 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in iRobot by 1.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 529,204 shares of the industrial products company’s stock worth $40,780,000 after purchasing an additional 5,507 shares during the last quarter. Northern Trust Corp raised its holdings in iRobot by 0.7% during the 2nd quarter. Northern Trust Corp now owns 356,320 shares of the industrial products company’s stock worth $29,981,000 after purchasing an additional 2,409 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in iRobot by 10.0% during the 3rd quarter. Rothschild Asset Management Inc. now owns 293,961 shares of the industrial products company’s stock worth $22,653,000 after purchasing an additional 26,719 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.

In related news, CEO Colin M. Angle sold 45,200 shares of iRobot stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the sale, the chief executive officer now owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andrew Miller sold 441 shares of iRobot stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now directly owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.

Shares of iRobot Co. (IRBT) opened at $64.53 on Wednesday. The company has a market cap of $1,716.52, a P/E ratio of 36.46, a PEG ratio of 1.18 and a beta of 0.94. iRobot Co. has a 52-week low of $54.38 and a 52-week high of $109.78.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.25 by $0.29. The company had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. iRobot had a net margin of 5.77% and a return on equity of 12.62%. The company’s quarterly revenue was up 53.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. equities research analysts predict that iRobot Co. will post 2.62 earnings per share for the current year.

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of iRobot from a “buy” rating to a “hold” rating in a report on Tuesday. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. UBS Group upgraded shares of iRobot from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upgraded shares of iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 price target for the company in a report on Friday, February 9th. Finally, Piper Jaffray Companies restated a “neutral” rating on shares of iRobot in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.80.

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iRobot 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.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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