Generali Asset Management SPA SGR Buys Shares of 65,956 Logitech International S.A. (NASDAQ:LOGI)

Generali Asset Management SPA SGR purchased a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 65,956 shares of the technology company's stock, valued at approximately $4,949,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOGI. Signaturefd LLC lifted its stake in Logitech International by 4.5% in the 4th quarter. Signaturefd LLC now owns 7,033 shares of the technology company's stock worth $579,000 after purchasing an additional 302 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Logitech International by 7.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock worth $267,000 after buying an additional 230 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its stake in Logitech International by 12.0% during the fourth quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 46,823 shares of the technology company's stock valued at $3,887,000 after buying an additional 5,009 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Logitech International by 16.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company's stock valued at $123,000 after buying an additional 213 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Logitech International by 21.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,776 shares of the technology company's stock worth $229,000 after acquiring an additional 484 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wedbush upgraded shares of Logitech International from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. 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. increased 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. Citigroup boosted their price objective on Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Barclays lifted their target price on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $100.14.

Logitech International Trading Down 1.0 %

Shares of NASDAQ LOGI traded down $0.90 during mid-day trading on Friday, reaching $89.97. The company had a trading volume of 459,434 shares, compared to its average volume of 541,003. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $105.65. The business's 50-day moving average is $95.86 and its 200-day moving average is $87.97.

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

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

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.