Nomura Holdings Inc. Boosts Position in iRobot Co. (IRBT)

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Nomura Holdings Inc. lifted its holdings in iRobot Co. (NASDAQ:IRBT) by 3.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 57,858 shares of the industrial products company’s stock after buying an additional 1,824 shares during the quarter. Nomura Holdings Inc. owned approximately 0.21% of iRobot worth $4,384,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. FMR LLC increased its holdings in shares of iRobot by 509.3% in 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. Legal & General Group Plc increased its stake in iRobot by 702.3% during the 1st quarter. Legal & General Group Plc now owns 442,757 shares of the industrial products company’s stock valued at $28,399,000 after buying an additional 387,573 shares during the period. Voya Investment Management LLC increased its stake in iRobot by 34.8% during the 2nd quarter. Voya Investment Management LLC now owns 617,148 shares of the industrial products company’s stock valued at $46,761,000 after buying an additional 159,478 shares during the period. BlackRock Inc. increased its stake in iRobot by 4.1% during the 1st quarter. BlackRock Inc. now owns 3,931,536 shares of the industrial products company’s stock valued at $252,366,000 after buying an additional 153,263 shares during the period. Finally, Spark Investment Management LLC increased its stake in iRobot by 149.8% during the 1st quarter. Spark Investment Management LLC now owns 160,355 shares of the industrial products company’s stock valued at $10,293,000 after buying an additional 96,155 shares during the period. Institutional investors own 83.21% of the company’s stock.

In other news, Director Mohamad Ali sold 743 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.10, for a total transaction of $82,547.30. Following the completion of the transaction, the director now owns 12,289 shares in the company, valued at approximately $1,365,307.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Glen Daniel Weinstein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $96.77, for a total transaction of $967,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,067 shares of company stock valued at $18,440,488. Insiders own 3.51% of the company’s stock.

Several equities analysts have commented on the stock. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Piper Jaffray Companies cut shares of iRobot from an “overweight” rating to a “neutral” rating in a research note on Monday, October 8th. Zacks Investment Research cut shares of iRobot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Sidoti cut shares of iRobot from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 4th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $74.00.

Shares of NASDAQ:IRBT traded up $3.34 during trading hours on Friday, hitting $90.61. 761,938 shares of the company’s stock traded hands, compared to its average volume of 942,436. iRobot Co. has a 52 week low of $55.77 and a 52 week high of $118.75. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 51.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.43.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.20. iRobot had a net margin of 5.90% and a return on equity of 13.27%. The company had revenue of $226.30 million during the quarter, compared to analyst estimates of $219.71 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. As a group, equities analysts forecast that iRobot Co. will post 2.43 earnings per share for the current year.

iRobot 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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