Intech Investment Management LLC Takes $108,000 Position in iRobot Co. (NASDAQ:IRBT)

Intech Investment Management LLC bought a new position in shares of iRobot Co. (NASDAQ:IRBT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,944 shares of the industrial products company’s stock, valued at approximately $108,000.

Several other institutional investors and hedge funds have also bought and sold shares of IRBT. Quest Partners LLC increased its holdings in shares of iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 3,285 shares during the period. Harbor Capital Advisors Inc. grew its position in iRobot by 28.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company’s stock worth $121,000 after buying an additional 3,448 shares in the last quarter. BNP Paribas Financial Markets increased its stake in iRobot by 37.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 5,709 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of iRobot in the 4th quarter valued at about $59,000. Finally, SG Americas Securities LLC bought a new stake in shares of iRobot during the 4th quarter valued at about $97,000. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

iRobot Price Performance

IRBT opened at $3.12 on Friday. 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 stock has a market capitalization of $95.56 million, a P/E ratio of -0.68 and a beta of 0.87. The stock has a 50-day moving average price of $6.98 and a 200-day moving average price of $7.72. iRobot Co. has a 12-month low of $2.99 and a 12-month high of $14.51.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IRBT. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Thursday, March 13th. StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research report on Monday, March 17th.

iRobot Company 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.