J. Safra Sarasin Holding AG Has $54.84 Million Stock Position in Logitech International S.A. (NASDAQ:LOGI)

J. Safra Sarasin Holding AG reduced its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 662,359 shares of the technology company's stock after selling 77,490 shares during the period. J. Safra Sarasin Holding AG owned 0.42% of Logitech International worth $54,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC acquired a new position in shares of Logitech International during the 4th quarter valued at $27,000. Bessemer Group Inc. lifted its holdings in Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after acquiring an additional 308 shares during the last quarter. Exane Asset Management acquired a new position in shares of Logitech International in the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its holdings in Logitech International by 975.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after buying an additional 439 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Logitech International in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 7,348 shares of the company's stock, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LOGI shares. JPMorgan Chase & Co. decreased their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, Barclays increased their price objective on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Logitech International has a consensus rating of "Hold" and an average target price of $88.43.

Logitech International Price Performance

NASDAQ:LOGI traded up $0.64 during trading hours on Friday, reaching $77.79. The company's stock had a trading volume of 840,056 shares, compared to its average volume of 602,214. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. Logitech International S.A. has a one year low of $64.73 and a one year high of $105.65. The business's 50-day moving average is $85.73 and its 200-day moving average is $86.16.

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

Logitech International declared that its board has authorized a stock repurchase program on Wednesday, March 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

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.