Trexquant Investment LP Purchases Shares of 60,725 Logitech International S.A. (NASDAQ:LOGI)

Trexquant Investment LP purchased a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,725 shares of the technology company's stock, valued at approximately $5,001,000.

A number of other institutional investors have also bought and sold shares of LOGI. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 1,206 shares during the period. Cerity Partners LLC lifted its holdings 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. Royal London Asset Management Ltd. lifted its stake in shares of Logitech International by 4.5% in the 3rd quarter. Royal London Asset Management Ltd. now owns 27,213 shares of the technology company's stock valued at $2,442,000 after purchasing an additional 1,173 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Logitech International by 15.8% during the 3rd quarter. Quantinno Capital Management LP now owns 26,083 shares of the technology company's stock worth $2,340,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Logitech International by 37.3% in the 3rd quarter. Wellington Management Group LLP now owns 135,896 shares of the technology company's stock worth $12,173,000 after acquiring an additional 36,950 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

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Logitech International Trading Down 7.1 %

Shares of NASDAQ:LOGI traded down $5.26 during midday trading on Thursday, hitting $68.94. The stock had a trading volume of 689,218 shares, compared to its average volume of 811,481. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65. The stock has a 50 day moving average price of $92.48 and a two-hundred day moving average price of $87.31. The company has a market capitalization of $10.90 billion, a PE ratio of 16.21, a P/E/G ratio of 2.61 and a beta of 0.97.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping 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, equities 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 repurchase program on Wednesday, March 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insider Transactions at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now owns 7,348 shares in the company, valued at $709,816.80. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LOGI shares. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and reduced their price target for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. Barclays increased their price objective on Logitech International from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Finally, StockNews.com lowered shares of Logitech International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $97.71.

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.