Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its position in Logitech International S.A. (NASDAQ:LOGI) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,033 shares of the technology company’s stock after purchasing an additional 302 shares during the period. Signaturefd LLC’s holdings in Logitech International were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LOGI. PNC Financial Services Group Inc. boosted its position in Logitech International by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company’s stock worth $458,000 after acquiring an additional 127 shares during the last quarter. Investment Management Corp of Ontario lifted its stake in shares of Logitech International by 0.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 170 shares during the period. Tealwood Asset Management Inc. boosted its holdings in shares of Logitech International by 1.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock worth $1,231,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Logitech International by 16.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company’s stock worth $123,000 after purchasing an additional 213 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in Logitech International by 3.0% in the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company’s stock valued at $685,000 after purchasing an additional 225 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

LOGI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup raised their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Wedbush raised shares of Logitech International from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $100.00 to $125.00 in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $100.14.

Logitech International Stock Up 0.9 %

Shares of LOGI stock opened at $91.40 on Thursday. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $105.65. The firm’s 50 day moving average price is $95.69 and its two-hundred day moving average price is $87.96. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.