iRobot Co. (NASDAQ:IRBT) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in shares of iRobot Co. (NASDAQ:IRBT - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 840,874 shares of the industrial products company's stock after purchasing an additional 120,234 shares during the period. Jacobs Levy Equity Management Inc. owned 2.75% of iRobot worth $6,517,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. LPL Financial LLC boosted its stake in shares of iRobot by 3.4% during the fourth quarter. LPL Financial LLC now owns 41,254 shares of the industrial products company's stock valued at $320,000 after purchasing an additional 1,346 shares in the last quarter. Focus Partners Wealth boosted its position in iRobot by 2.9% during the 4th quarter. Focus Partners Wealth now owns 62,071 shares of the industrial products company's stock valued at $481,000 after acquiring an additional 1,771 shares in the last quarter. Corton Capital Inc. boosted its position in iRobot by 4.1% during the 4th quarter. Corton Capital Inc. now owns 67,714 shares of the industrial products company's stock valued at $525,000 after acquiring an additional 2,685 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of iRobot by 28.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company's stock valued at $121,000 after acquiring an additional 3,448 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of iRobot by 32.7% in the 4th quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company's stock worth $143,000 after acquiring an additional 4,543 shares in the last quarter. Institutional investors own 77.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IRBT. StockNews.com downgraded iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Needham & Company LLC restated a "hold" rating on shares of iRobot in a report on Thursday, March 13th.

iRobot Stock Down 7.5%

Shares of IRBT stock traded down $0.23 during trading hours on Monday, reaching $2.78. 362,585 shares of the company's stock were exchanged, compared to its average volume of 1,505,806. iRobot Co. has a fifty-two week low of $1.76 and a fifty-two week high of $13.45. The stock's 50 day moving average is $2.61 and its 200-day moving average is $6.22. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market cap of $86.32 million, a price-to-earnings ratio of -0.60 and a beta of 0.80.

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.