Semanteon Capital Management LP Boosts Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Semanteon Capital Management LP increased its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 54.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,179 shares of the technology company's stock after purchasing an additional 4,664 shares during the quarter. Semanteon Capital Management LP's holdings in Logitech International were worth $1,085,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. grew 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 in the last quarter. Vontobel Holding Ltd. increased 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Logitech International by 700.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 748,580 shares of the technology company's stock worth $61,978,000 after purchasing an additional 655,025 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Logitech International during the 3rd quarter valued at about $15,891,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

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Logitech International Price Performance

Shares of NASDAQ:LOGI traded up $0.90 during trading hours on Tuesday, hitting $92.45. 368,908 shares of the company's stock traded hands, compared to its average volume of 540,245. The business has a fifty day moving average price of $95.98 and a 200-day moving average price of $88.02. 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 capitalization of $14.62 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73.

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, 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%. As a group, equities analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International declared that its board has approved a stock repurchase program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOGI. StockNews.com downgraded Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. 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 research note on Wednesday, January 29th. Finally, Barclays boosted their price objective on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $100.14.

Insiders Place Their Bets

In other news, insider Samantha Harnett sold 300 shares of Logitech International 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 sale, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.