Fox Run Management L.L.C. Takes Position in Logitech International S.A. (NASDAQ:LOGI)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Logitech International in the fourth quarter valued at $27,000. Exane Asset Management purchased a new position in Logitech International during the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB grew its stake in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock worth $53,000 after buying an additional 233 shares during the last quarter. Global Retirement Partners LLC increased its position in Logitech International by 109.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company's stock worth $99,000 after buying an additional 631 shares during the period. Finally, Transamerica Financial Advisors Inc. lifted its stake in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $104,000 after buying an additional 1,153 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Stock Performance

LOGI traded up $0.88 on Tuesday, hitting $92.43. 178,002 shares of the company were exchanged, compared to its average volume of 540,245. The business's fifty day moving average is $95.98 and its 200 day moving average is $88.02. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $105.65. The firm has a market capitalization of $14.62 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73.

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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 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%. Analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LOGI shares. StockNews.com downgraded shares of Logitech International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Barclays lifted their price objective on shares of Logitech International from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, Wedbush upgraded shares of Logitech International from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $100.00 to $125.00 in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $100.14.

Insider Buying and Selling at Logitech International

In other 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 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 represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

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.