Swiss National Bank Sells 5,800 Shares of iRobot Co. (NASDAQ:IRBT)

Swiss National Bank trimmed its stake in iRobot Co. (NASDAQ:IRBT) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 51,900 shares of the industrial products company’s stock after selling 5,800 shares during the quarter. Swiss National Bank’s holdings in iRobot were worth $2,009,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in iRobot by 522.0% in the fourth quarter. Allworth Financial LP now owns 678 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 569 shares in the last quarter. Rhumbline Advisers lifted its position in iRobot by 0.7% during the third quarter. Rhumbline Advisers now owns 87,965 shares of the industrial products company’s stock valued at $3,334,000 after acquiring an additional 602 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in iRobot in the fourth quarter valued at approximately $31,000. Mission Wealth Management LP grew its holdings in iRobot by 5.3% in the fourth quarter. Mission Wealth Management LP now owns 19,164 shares of the industrial products company’s stock worth $742,000 after purchasing an additional 961 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of iRobot by 20.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,106 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 1,038 shares in the last quarter. 77.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IRBT shares. Needham & Company LLC upgraded iRobot to a “hold” rating in a research note on Thursday, May 9th. Citigroup cut their price objective on shares of iRobot from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, March 4th.

iRobot Price Performance

Shares of IRBT opened at $9.93 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.15. The company’s fifty day moving average price is $9.02 and its 200-day moving average price is $19.58. iRobot Co. has a 1-year low of $6.48 and a 1-year high of $51.49. The firm has a market capitalization of $285.59 million, a PE ratio of -1.28 and a beta of 0.91.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings data on Monday, February 26th. The industrial products company reported ($2.18) earnings per share for the quarter. iRobot had a negative net margin of 24.42% and a negative return on equity of 99.56%. The firm had revenue of $307.54 million during the quarter. On average, equities research analysts predict that iRobot Co. will post -4.31 EPS for the current year.

Insider Buying and Selling at iRobot

In other news, Director Colin M. Angle sold 179,503 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $11.46, for a total value of $2,057,104.38. Following the sale, the director now owns 14,797 shares in the company, valued at $169,573.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.04% of the company’s stock.

iRobot Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.