Achmea Investment Management B.V. Reduces Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Achmea Investment Management B.V. cut its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 65.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,627 shares of the technology company's stock after selling 69,772 shares during the period. Achmea Investment Management B.V.'s holdings in Logitech International were worth $3,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LOGI. Sierra Ocean LLC bought a new stake in shares of Logitech International in the fourth quarter worth approximately $27,000. Exane Asset Management bought a new stake in shares of Logitech International during the 4th quarter valued at $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock worth $53,000 after purchasing an additional 233 shares during the period. Transamerica Financial Advisors Inc. increased its position in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock worth $104,000 after buying an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Logitech International during the 3rd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several analysts have recently commented on LOGI shares. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wedbush upgraded shares of Logitech International from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $100.00 to $125.00 in a report on Friday, March 7th. Finally, Citigroup upped their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $100.14.

Logitech International Stock Up 0.9 %

LOGI traded up $0.78 on Wednesday, reaching $91.40. 386,824 shares of the company traded hands, compared to its average volume of 539,450. The company has a market cap of $14.45 billion, a P/E ratio of 21.46, a price-to-earnings-growth 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 has a fifty day simple moving average of $95.61 and a two-hundred day simple moving average of $87.94.

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 for the quarter, beating 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%. On average, equities 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 approved a stock buyback plan on Wednesday, March 5th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

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.