Logitech International S.A. (NASDAQ:LOGI) Stock Position Increased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 40.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,256 shares of the technology company's stock after buying an additional 10,817 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Logitech International were worth $3,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock worth $451,426,000 after purchasing an additional 1,967,133 shares during the period. Norges Bank purchased a new position in Logitech International in the fourth quarter valued at approximately $156,888,000. Assenagon Asset Management S.A. lifted its position in Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock valued at $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock worth $402,802,000 after buying an additional 1,240,478 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Logitech International by 700.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 748,580 shares of the technology company's stock worth $61,978,000 after acquiring an additional 655,025 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LOGI shares. JPMorgan Chase & Co. increased their price target on Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Citigroup increased their price objective 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. Wedbush raised shares of Logitech International from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $97.71.

Logitech International Stock Up 1.7 %

Shares of LOGI traded up $1.10 during mid-day trading on Wednesday, hitting $66.67. The stock had a trading volume of 975,572 shares, compared to its average volume of 576,946. The company's fifty day simple moving average is $93.45 and its two-hundred day simple moving average is $87.49. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $105.65. The company has a market cap of $10.54 billion, a PE ratio of 15.64, a PEG ratio of 2.61 and a beta of 0.97.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (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%. Equities analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

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

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction that occurred 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 sale, the insider now owns 7,348 shares of the company's stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.