Fox Run Management L.L.C. Invests $1.27 Million in Logitech International S.A. (NASDAQ:LOGI)

Fox Run Management L.L.C. purchased a new stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,378 shares of the technology company's stock, valued at approximately $1,266,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in 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 buying an additional 1,967,133 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of 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 acquiring an additional 1,240,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 worth $215,127,000 after acquiring an additional 146,338 shares during the period. Assenagon Asset Management S.A. increased its stake in Logitech International by 2,315.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock valued at $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Logitech International by 1.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company's stock worth $98,348,000 after purchasing an additional 19,046 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

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Logitech International Price Performance

LOGI stock traded down $1.43 during midday trading on Wednesday, hitting $91.02. The stock had a trading volume of 350,611 shares, compared to its average volume of 540,921. The company's 50-day moving average price is $96.14 and its 200 day moving average price is $88.10. The firm has a market cap of $14.39 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its 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, sell-side analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International announced that its board has approved a share repurchase program on Wednesday, March 5th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

LOGI has been the subject of a number of research analyst reports. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. StockNews.com cut shares of Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $100.14.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 300 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now owns 7,348 shares of the company's stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.