Logitech International S.A. (NASDAQ:LOGI) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,614 shares of the technology company's stock after purchasing an additional 4,403 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Logitech International were worth $1,698,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Investment Management Corp of Ontario boosted its position in shares of Logitech International by 0.4% during the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock worth $3,629,000 after buying an additional 170 shares during the period. Tealwood Asset Management Inc. increased its stake 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 buying an additional 175 shares during the period. Townsquare Capital LLC raised its holdings 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 acquiring an additional 225 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock worth $53,000 after acquiring an additional 233 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Logitech International by 6.9% during the 4th quarter. IFP Advisors Inc now owns 3,790 shares of the technology company's stock worth $312,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. 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. Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Wedbush upgraded Logitech International from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $100.00 to $125.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $100.14.

Logitech International Price Performance

LOGI traded up $0.54 during trading on Tuesday, hitting $84.95. The company had a trading volume of 302,566 shares, compared to its average volume of 545,583. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65. The company has a market cap of $13.43 billion, a PE ratio of 19.94, a P/E/G ratio of 2.61 and a beta of 0.73. The business has a 50-day moving average of $96.09 and a 200-day moving average of $88.16.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS 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%. Research analysts forecast 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 approved a stock buyback program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

About Logitech International

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.