Convergence Investment Partners LLC lowered its position in shares of iRobot Corporation (NASDAQ:IRBT) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,753 shares of the company’s stock after selling 6,759 shares during the period. Convergence Investment Partners LLC owned 0.11% of iRobot Corporation worth $1,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE raised its position in iRobot Corporation by 0.7% in the third quarter. US Bancorp DE now owns 2,293 shares of the company’s stock valued at $101,000 after buying an additional 16 shares during the period. Victory Capital Management Inc. raised its position in iRobot Corporation by 3.7% in the third quarter. Victory Capital Management Inc. now owns 2,451 shares of the company’s stock valued at $108,000 after buying an additional 87 shares during the period. BlackRock Inc. raised its position in iRobot Corporation 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 period. Teacher Retirement System of Texas raised its position in iRobot Corporation 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 period. Finally, Royal Bank of Canada raised its position in iRobot Corporation 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 period. Institutional investors and hedge funds own 79.89% of the company’s stock.

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

Shares of iRobot Corporation (NASDAQ:IRBT) traded up 1.51% during midday trading on Friday, hitting $59.22. 202,290 shares of the company’s stock were exchanged. iRobot Corporation has a 52 week low of $28.02 and a 52 week high of $60.86. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 35.76 and a beta of 1.18. The company has a 50-day moving average of $57.78 and a 200-day moving average of $45.41.

iRobot Corporation (NASDAQ:IRBT) last issued its earnings results on Tuesday, October 25th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.27. iRobot Corporation had a net margin of 7.27% and a return on equity of 12.40%. The firm earned $168.61 million during the quarter, compared to the consensus estimate of $156.96 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. Equities research analysts expect that iRobot Corporation will post $1.41 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Daily Political and is the propert of of Daily Political. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The correct version of this piece of content can be read at http://www.dailypolitical.com/2017/01/13/irobot-corporation-irbt-shares-sold-by-convergence-investment-partners-llc.html.

Several research analysts have issued reports on IRBT shares. Needham & Company LLC restated a “buy” rating and issued a $46.00 price target (up previously from $42.00) on shares of iRobot Corporation in a research report on Friday, September 16th. Zacks Investment Research raised shares of iRobot Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, October 27th. Benchmark Co. raised their price objective on shares of iRobot Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, October 17th. Dougherty & Co assumed coverage on shares of iRobot Corporation in a research note on Thursday, November 17th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, J P Morgan Chase & Co set a $44.00 price objective on shares of iRobot Corporation and gave the stock a “sell” rating in a research note on Friday, November 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $52.88.

In other iRobot Corporation news, CEO Colin M. Angle sold 53,683 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $44.71, for a total value of $2,400,166.93. Following the completion of the sale, the chief executive officer now owns 563,841 shares of the company’s stock, valued at $25,209,331.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 113,950 shares of the company’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $44.70, for a total transaction of $5,093,565.00. Following the completion of the sale, the chief executive officer now directly owns 563,841 shares of the company’s stock, valued at approximately $25,203,692.70. The disclosure for this sale can be found here. 5.53% of the stock is currently owned by company insiders.

iRobot Corporation Company Profile

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.

5 Day Chart for NASDAQ:IRBT

Want to see what other hedge funds are holding IRBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iRobot Corporation (NASDAQ:IRBT).

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.