Edmond DE Rothschild Holding S.A. Sells 3,601 Shares of Logitech International S.A. (NASDAQ:LOGI)

Edmond DE Rothschild Holding S.A. decreased its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,020 shares of the technology company's stock after selling 3,601 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Logitech International were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LOGI. Barclays PLC raised its holdings in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock valued at $451,426,000 after purchasing an additional 1,967,133 shares during the last quarter. Vontobel Holding Ltd. grew its position in Logitech International by 34.2% in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Logitech International by 6.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock worth $215,127,000 after buying an additional 146,338 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Logitech International by 13.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock worth $188,254,000 after buying an additional 266,167 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Logitech International in the fourth quarter valued at approximately $156,888,000. Institutional investors and hedge funds own 45.76% of the company's stock.

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Insider Activity at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were 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 of the company's stock, 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 Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Logitech International Price Performance

Shares of NASDAQ:LOGI traded down $2.11 during trading on Friday, hitting $69.30. 2,032,602 shares of the company were exchanged, compared to its average volume of 564,169. The company has a market cap of $10.96 billion, a PE ratio of 16.27, a P/E/G ratio of 2.61 and a beta of 0.97. Logitech International S.A. has a 52-week low of $67.20 and a 52-week high of $105.65. The stock has a 50 day moving average of $95.10 and a 200 day moving average of $87.91.

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

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

Wall Street Analysts Forecast Growth

LOGI has been the topic of several research analyst reports. StockNews.com cut Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Wedbush raised shares of Logitech International from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $97.71.

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.