13,009 Shares in Logitech International S.A. (NASDAQ:LOGI) Acquired by Credit Industriel ET Commercial

Credit Industriel ET Commercial acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,009 shares of the technology company's stock, valued at approximately $976,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Logitech International by 8.2% during the 4th quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock worth $448,409,000 after acquiring an additional 414,236 shares during the last quarter. Vontobel Holding Ltd. raised its position in Logitech International by 34.2% during the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock worth $402,802,000 after purchasing an additional 1,240,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Logitech International by 6.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock valued at $215,127,000 after buying an additional 146,338 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Logitech International by 13.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock worth $188,254,000 after acquiring an additional 266,167 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Logitech International in the fourth quarter worth approximately $156,888,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup cut their target price on Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $90.00 to $73.00 in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price objective on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, StockNews.com lowered Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $88.43.

Insider Activity

In other Logitech International news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company's stock.

Logitech International Trading Up 0.8 %

Shares of Logitech International stock traded up $0.64 during trading on Friday, hitting $77.79. The stock had a trading volume of 840,056 shares, compared to its average volume of 602,470. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $105.65. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 2.61 and a beta of 0.97. The business's 50-day moving average is $85.73 and its 200 day moving average is $86.17.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International declared that its board has approved a stock buyback plan on Wednesday, March 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board 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.