Quantbot Technologies LP Has $3.67 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Quantbot Technologies LP lowered its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 45.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,569 shares of the technology company's stock after selling 37,027 shares during the period. Quantbot Technologies LP's holdings in Logitech International were worth $3,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LOGI. Sierra Ocean LLC bought a new position in Logitech International in the 4th quarter valued at $27,000. Exane Asset Management acquired a new stake in shares of Logitech International in the fourth quarter valued at $32,000. MassMutual Private Wealth & Trust FSB raised 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 valued at $53,000 after buying an additional 233 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Logitech International by 109.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company's stock valued at $99,000 after buying an additional 631 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its position in Logitech International by 115,300.0% during the 3rd 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. 45.76% of the stock is owned by institutional investors and hedge funds.

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Logitech International Price Performance

Shares of LOGI stock traded down $1.43 during trading hours on Wednesday, reaching $91.02. The company had a trading volume of 350,611 shares, compared to its average volume of 539,974. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.61 and a beta of 0.73. The company has a 50 day moving average of $96.08 and a 200 day moving average of $88.07.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its 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 return on equity of 30.53% and a net margin of 14.38%. As a group, sell-side analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the technology company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Activity 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 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. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LOGI shares. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective 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. StockNews.com downgraded Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Finally, Wedbush upgraded Logitech International from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $100.14.

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.