Atria Wealth Solutions Inc. Makes New Investment in Logitech International S.A. (NASDAQ:LOGI)

Atria Wealth Solutions Inc. purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,983 shares of the technology company's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of LOGI. Sierra Ocean LLC purchased a new position in shares of Logitech International during the fourth quarter worth $27,000. Exane Asset Management purchased a new position in shares of Logitech International during the 4th quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock valued at $53,000 after buying an additional 233 shares during the period. Transamerica Financial Advisors Inc. lifted its holdings in shares of Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $104,000 after buying an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Logitech International in the third quarter worth about $105,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded up $1.95 during trading on Wednesday, reaching $97.69. The stock had a trading volume of 423,081 shares, compared to its average volume of 535,139. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65. The stock has a market cap of $15.45 billion, a PE ratio of 22.93, a PEG ratio of 2.61 and a beta of 0.78. The business has a fifty day moving average price of $93.75 and a 200-day moving average price of $87.83.

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Logitech International (NASDAQ:LOGI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Sell-side analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on LOGI shares. Bank of America reissued an "underperform" rating and issued a $90.00 price target (down from $105.00) on shares of Logitech International in a report on Friday, February 28th. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. StockNews.com cut shares of Logitech International from a "buy" rating to a "hold" rating in a report on Monday. Wedbush reiterated a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a research report on Wednesday, January 22nd. Finally, Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $96.88.

Insider Activity at Logitech International

In other 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 in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Logitech International 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.