Vanguard Group Inc. Reduces Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Vanguard Group Inc. lessened its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,346,133 shares of the technology company's stock after selling 21,505 shares during the quarter. Vanguard Group Inc. owned about 4.01% of Logitech International worth $523,848,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Logitech International in the 4th quarter valued at $27,000. Exane Asset Management purchased a new stake in Logitech International in the fourth quarter valued at $32,000. MassMutual Private Wealth & Trust FSB grew its position in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock worth $53,000 after purchasing an additional 233 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Logitech International during the 3rd quarter valued at about $105,000. Finally, Global Retirement Partners LLC raised its stake in shares of Logitech International by 109.4% during the 4th 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. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm'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 value of $28,980.00. Following the transaction, the insider now directly owns 7,348 shares of the company's stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

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Analyst Ratings Changes

Several analysts recently commented on LOGI shares. Citigroup raised their target price on Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their target price for the company from $90.00 to $73.00 in a report on Friday. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Logitech International has a consensus rating of "Hold" and a consensus target price of $97.71.

Logitech International Trading Down 3.0 %

NASDAQ:LOGI traded down $2.11 during trading hours on Friday, hitting $69.30. 2,032,602 shares of the stock were exchanged, compared to its average volume of 564,169. The company has a market cap of $10.96 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.61 and a beta of 0.97. The firm's fifty day moving average price is $95.10 and its 200 day moving average price is $87.91. Logitech International S.A. has a 52-week low of $67.20 and a 52-week high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS 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%. Equities analysts expect that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International announced that its board has approved a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

About Logitech International

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.