Mitsubishi UFJ Trust & Banking Corp Acquires 14,657 Shares of Logitech International S.A. (NASDAQ:LOGI)

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,697 shares of the technology company's stock after purchasing an additional 14,657 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Logitech International worth $7,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LOGI. PNC Financial Services Group Inc. grew its position in Logitech International by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock valued at $458,000 after acquiring an additional 127 shares during the period. Investment Management Corp of Ontario grew its holdings in shares of Logitech International by 0.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock worth $3,629,000 after purchasing an additional 170 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in shares of Logitech International by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock worth $1,231,000 after purchasing an additional 175 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 213 shares during the last quarter. Finally, Townsquare Capital LLC boosted its position in Logitech International by 3.0% in the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company's stock valued at $685,000 after buying an additional 225 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on LOGI shares. Wedbush upgraded shares of Logitech International from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. Citigroup upped their price target on Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Barclays upped their target price 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, JPMorgan Chase & Co. lifted their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $100.14.

Logitech International Stock Up 0.7 %

LOGI traded up $0.61 during trading on Tuesday, hitting $85.02. The company had a trading volume of 555,547 shares, compared to its average volume of 547,480. The company has a market capitalization of $13.45 billion, a PE ratio of 19.96, a PEG ratio of 2.61 and a beta of 0.73. Logitech International S.A. has a one year low of $74.72 and a one year high of $105.65. The firm's 50-day moving average price is $95.98 and its 200 day moving average price is $88.15.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Sell-side 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 initiated a stock buyback program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Activity at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business's 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company's stock.

Logitech International 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.