Logitech International S.A. (NASDAQ:LOGI) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,521 shares of the technology company's stock after buying an additional 13,364 shares during the period. Franklin Resources Inc. owned approximately 0.23% of Logitech International worth $30,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Logitech International in the 4th quarter valued at approximately $27,000. Exane Asset Management purchased a new position in shares of Logitech International in the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock valued at $53,000 after buying an additional 233 shares during the last quarter. Allianz SE acquired a new position in shares of Logitech International in the 4th quarter valued at $72,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Logitech International in the 3rd quarter worth $105,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOGI has been the subject of several research analyst reports. Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Barclays raised their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased 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. Citigroup boosted their target price on shares of Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $97.71.

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Logitech International Trading Down 5.9 %

LOGI stock traded down $4.36 during midday trading on Thursday, reaching $69.84. The stock had a trading volume of 536,072 shares, compared to its average volume of 584,792. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. The company's fifty day simple moving average is $92.48 and its 200 day simple moving average is $87.31.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 5th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the company's 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 sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Logitech International Company 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.