Today: The Mason Street Advisors LLC Acquires New Position in iRobot Corp. (IRBT)

The Mason Street Advisors LLC Acquires New Position in iRobot Corp. (IRBT)

Mason Street Advisors LLC bought a new position in iRobot Corp. (NASDAQ:IRBT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,370 shares of the company’s stock, valued at approximately $188,000.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in iRobot Corp. by 49.2% in the second quarter. BlackRock Inc. now owns 3,168 shares of the company’s stock valued at $112,000 after buying an additional 1,045 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in iRobot Corp. by 10.7% in the second quarter. Teacher Retirement System of Texas now owns 3,753 shares of the company’s stock valued at $132,000 after buying an additional 364 shares during the last quarter. Royal Bank of Canada boosted its stake in iRobot Corp. by 116.6% in the second quarter. Royal Bank of Canada now owns 5,084 shares of the company’s stock valued at $178,000 after buying an additional 2,737 shares during the last quarter. Profund Advisors LLC boosted its stake in iRobot Corp. by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock valued at $235,000 after buying an additional 153 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in iRobot Corp. during the second quarter valued at $256,000. Institutional investors and hedge funds own 77.39% of the company’s stock.

Shares of iRobot Corp. (NASDAQ:IRBT) opened at 42.37 on Friday. The firm has a market cap of $1.15 billion, a PE ratio of 30.48 and a beta of 1.60. iRobot Corp. has a 12 month low of $28.02 and a 12 month high of $45.01. The stock’s 50 day moving average is $41.61 and its 200 day moving average is $38.19.

iRobot Corp. (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. The business earned $148.70 million during the quarter, compared to analysts’ expectations of $148.10 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. iRobot Corp.’s revenue was down .1% compared to the same quarter last year. Analysts forecast that iRobot Corp. will post $1.32 EPS for the current fiscal year.

Several equities research analysts have weighed in on IRBT shares. Needham & Company LLC restated a “buy” rating and issued a $46.00 price objective (up previously from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. Canaccord Genuity restated a “buy” rating and issued a $45.00 price objective on shares of iRobot Corp. in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. iRobot Corp. presently has an average rating of “Hold” and an average target price of $38.14.

In related news, CFO Alison Dean sold 11,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $43.42, for a total transaction of $477,620.00. Following the completion of the sale, the chief financial officer now owns 84,045 shares of the company’s stock, valued at $3,649,233.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Geisser sold 3,243 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $40.19, for a total transaction of $130,336.17. Following the sale, the director now directly owns 54,226 shares of the company’s stock, valued at approximately $2,179,342.94. The disclosure for this sale can be found here. Corporate insiders own 5.53% of the company’s stock.

About iRobot Corp.

iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.

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