50,546 Shares in Logitech International S.A. (NASDAQ:LOGI) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,546 shares of the technology company's stock, valued at approximately $4,162,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Logitech International by 8.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,211 shares of the technology company's stock worth $1,455,000 after buying an additional 1,206 shares during the last quarter. Cerity Partners LLC lifted its position in Logitech International by 63.4% in the third quarter. Cerity Partners LLC now owns 5,125 shares of the technology company's stock valued at $460,000 after acquiring an additional 1,989 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Logitech International by 0.6% in the third quarter. The Manufacturers Life Insurance Company now owns 67,199 shares of the technology company's stock valued at $6,041,000 after acquiring an additional 392 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake 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 valued at $104,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in shares of Logitech International by 3.0% during the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company's stock worth $685,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company's stock.

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Insiders Place Their Bets

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 completion of the transaction, the insider now owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Logitech International Trading Down 1.9 %

Shares of Logitech International stock traded down $1.65 on Friday, reaching $86.95. 691,322 shares of the stock were exchanged, compared to its average volume of 545,615. The firm has a market capitalization of $13.75 billion, a PE ratio of 20.41, a PEG ratio of 2.61 and a beta of 0.73. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65. The business has a fifty day moving average price of $96.14 and a two-hundred day moving average price of $88.16.

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 (EPS) for the quarter, topping 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%. Research 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 initiated a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently issued reports on LOGI. Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Barclays lifted their target price on shares of Logitech International from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. StockNews.com cut shares of Logitech International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Finally, Wedbush upgraded shares of Logitech International from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $100.00 to $125.00 in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.