Russell Investments Group Ltd. Purchases 23,687 Shares of iRobot Co. (NASDAQ:IRBT)

Russell Investments Group Ltd. increased its position in shares of iRobot Co. (NASDAQ:IRBT) by 65.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,750 shares of the industrial products company’s stock after purchasing an additional 23,687 shares during the period. Russell Investments Group Ltd. owned about 0.20% of iRobot worth $466,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IRBT. LPL Financial LLC lifted its position in iRobot by 3.4% during the 4th quarter. LPL Financial LLC now owns 41,254 shares of the industrial products company’s stock worth $320,000 after buying an additional 1,346 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of iRobot by 28.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 3,448 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of iRobot by 32.7% during the fourth quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 4,543 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of iRobot during the fourth quarter valued at approximately $59,000. Finally, SG Americas Securities LLC acquired a new stake in shares of iRobot in the fourth quarter valued at approximately $97,000. 77.42% of the stock is currently owned by institutional investors and hedge funds.

iRobot Stock Up 6.1 %

Shares of NASDAQ IRBT opened at $2.10 on Thursday. iRobot Co. has a 1 year low of $1.76 and a 1 year high of $14.51. The firm’s 50-day moving average is $4.39 and its 200-day moving average is $6.92. 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 firm has a market capitalization of $65.14 million, a PE ratio of -0.46 and a beta of 1.14.

Analysts Set New Price Targets

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

About iRobot

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.