Wellington Management Group LLP Has $12.45 Million Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Wellington Management Group LLP raised its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,393 shares of the technology company's stock after acquiring an additional 14,497 shares during the period. Wellington Management Group LLP owned about 0.10% of Logitech International worth $12,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LOGI. Sierra Ocean LLC bought a new stake in Logitech International during the 4th quarter worth approximately $27,000. Exane Asset Management acquired a new position in shares of Logitech International in the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB increased its position 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 worth $53,000 after acquiring an additional 233 shares in the last quarter. Allianz SE acquired a new stake in shares of Logitech International during the fourth quarter worth $72,000. Finally, Global Retirement Partners LLC lifted its position in Logitech International by 109.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company's stock valued at $99,000 after acquiring an additional 631 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now directly owns 7,348 shares of the company's stock, valued at $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on LOGI shares. Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Wedbush upgraded Logitech International from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $100.00 to $125.00 in a research note on Friday, March 7th. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Barclays boosted their price objective 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. Finally, Citigroup decreased their target price on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Logitech International presently has an average rating of "Hold" and a consensus target price of $93.43.

Logitech International Trading Down 1.3 %

Shares of Logitech International stock traded down $0.94 during trading on Tuesday, hitting $72.53. 202,394 shares of the stock were exchanged, compared to its average volume of 596,507. The company has a fifty day moving average price of $90.88 and a 200-day moving average price of $86.99. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership 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.