Mutual of America Capital Management LLC Purchases 4,221 Shares of Logitech International S.A. (NASDAQ:LOGI)

Mutual of America Capital Management LLC boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,591 shares of the technology company's stock after acquiring an additional 4,221 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Logitech International worth $6,655,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LOGI. Barclays PLC increased its holdings in shares of Logitech International by 64.2% during 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. Assenagon Asset Management S.A. increased its stake 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 acquiring an additional 1,385,493 shares during the period. Vontobel Holding Ltd. raised its holdings in Logitech International by 34.2% in the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock valued at $402,802,000 after acquiring an additional 1,240,478 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Logitech International during the 3rd quarter worth approximately $15,891,000. Finally, Janney Montgomery Scott LLC boosted its stake in Logitech International by 4,876.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company's stock worth $13,798,000 after buying an additional 164,185 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. UBS Group raised Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. Bank of America reissued an "underperform" rating and issued a $90.00 target price (down from $105.00) on shares of Logitech International in a report on Friday, February 28th. StockNews.com cut Logitech International from a "buy" rating to a "hold" rating in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $101.50.

Logitech International Trading Up 1.2 %

Shares of NASDAQ:LOGI traded up $1.17 during trading on Friday, hitting $97.67. 824,216 shares of the company's stock were exchanged, compared to its average volume of 537,489. The firm has a market cap of $15.45 billion, a P/E ratio of 22.93, a PEG ratio of 2.61 and a beta of 0.73. The firm has a 50-day moving average price of $94.30 and a two-hundred day moving average price of $87.96. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65.

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 analysts' consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. As a group, research analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International announced that its board has approved a share buyback program on Wednesday, March 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

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 transaction of $28,980.00. Following the completion of the transaction, the insider now owns 7,348 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

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.