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

Jacobs Levy Equity Management Inc. increased its position in shares of iRobot Co. (NASDAQ:IRBT) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 840,874 shares of the industrial products company’s stock after acquiring an additional 120,234 shares during the period. Jacobs Levy Equity Management Inc. owned about 2.75% of iRobot worth $6,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Federated Hermes Inc. raised its position in iRobot by 41.8% in the 4th quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company’s stock valued at $7,777,000 after purchasing an additional 295,997 shares in the last quarter. Geode Capital Management LLC raised its position in iRobot by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 701,173 shares of the industrial products company’s stock valued at $5,435,000 after purchasing an additional 24,701 shares in the last quarter. Renaissance Technologies LLC raised its position in iRobot by 44.8% in the 4th quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company’s stock valued at $4,458,000 after purchasing an additional 177,876 shares in the last quarter. JPMorgan Chase & Co. raised its position in iRobot by 24.1% in the 4th quarter. JPMorgan Chase & Co. now owns 496,878 shares of the industrial products company’s stock valued at $3,851,000 after purchasing an additional 96,451 shares in the last quarter. Finally, Northern Trust Corp raised its position in iRobot by 9.0% in the 4th quarter. Northern Trust Corp now owns 270,969 shares of the industrial products company’s stock valued at $2,100,000 after purchasing an additional 22,486 shares in the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

iRobot Price Performance

Shares of NASDAQ IRBT opened at $2.79 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. iRobot Co. has a fifty-two week low of $1.76 and a fifty-two week high of $14.51. The firm has a market capitalization of $86.78 million, a PE ratio of -0.61 and a beta of 0.80. The stock’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $6.36.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IRBT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Thursday, March 13th. StockNews.com lowered iRobot from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th.

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.