Bank of Montreal Can Boosts Holdings in Logitech International S.A. (NASDAQ:LOGI)

Bank of Montreal Can lifted its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 116.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 206,047 shares of the technology company's stock after purchasing an additional 110,668 shares during the quarter. Bank of Montreal Can owned 0.13% of Logitech International worth $17,034,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Logitech International in the 4th quarter worth approximately $27,000. Exane Asset Management acquired a new position in Logitech International during the 4th quarter valued at about $32,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Logitech International during the 4th quarter worth about $49,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Logitech International by 56.0% in 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. Finally, Allianz SE bought a new position in shares of Logitech International in the 4th quarter valued at about $72,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on LOGI shares. Wedbush raised shares of Logitech International from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Citigroup lowered their price objective on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.43.

Logitech International Stock Down 3.7 %

Shares of Logitech International stock traded down $2.66 during midday trading on Wednesday, hitting $70.13. The company had a trading volume of 981,011 shares, compared to its average volume of 597,496. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $105.65. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.61 and a beta of 0.97. The company has a fifty day simple moving average of $90.35 and a 200 day simple moving average of $86.89.

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 for the quarter, beating 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, analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is 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.