Aviva PLC Sells 45,924 Shares of Logitech International S.A. (NASDAQ:LOGI)

Aviva PLC lessened its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,457 shares of the technology company's stock after selling 45,924 shares during the quarter. Aviva PLC owned 0.14% of Logitech International worth $18,242,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LOGI. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Logitech International in the 4th quarter worth about $49,000. Prudential PLC increased its holdings in Logitech International by 3.2% during the 4th quarter. Prudential PLC now owns 34,991 shares of the technology company's stock worth $2,893,000 after purchasing an additional 1,070 shares in the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of Logitech International by 40.9% in the fourth quarter. Landscape Capital Management L.L.C. now owns 37,256 shares of the technology company's stock worth $3,068,000 after purchasing an additional 10,817 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Logitech International in the fourth quarter valued at approximately $5,001,000. Finally, Geode Capital Management LLC boosted its position in shares of Logitech International by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 130,019 shares of the technology company's stock valued at $10,707,000 after buying an additional 1,140 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

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Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the transaction, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

LOGI has been the subject of a number of analyst reports. Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Citigroup boosted their price target on shares of Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $90.00 to $73.00 in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. boosted their target price on Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Logitech International currently has an average rating of "Hold" and an average target price of $97.71.

Logitech International Stock Up 1.8 %

Logitech International stock traded up $1.30 during trading on Friday, hitting $71.67. The stock had a trading volume of 1,059,077 shares, compared to its average volume of 594,049. The stock's 50 day moving average is $91.42 and its two-hundred day moving average is $87.10. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97.

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

Logitech International declared that its board has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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.