Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,823 shares of the technology company's stock after buying an additional 5,009 shares during the quarter. Logitech International makes up 2.3% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's portfolio, making the stock its 12th largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Logitech International were worth $3,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of Logitech International by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock valued at $458,000 after purchasing an additional 127 shares in the last quarter. Investment Management Corp of Ontario increased its stake in Logitech International by 0.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock valued at $3,629,000 after purchasing an additional 170 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in shares of Logitech International by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock worth $1,231,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Logitech International by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company's stock worth $123,000 after acquiring an additional 213 shares during the period. Finally, Townsquare Capital LLC increased its stake in shares of Logitech International by 3.0% in the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company's stock worth $685,000 after acquiring an additional 225 shares during the period. Institutional investors own 45.76% of the company's stock.

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Logitech International Trading Up 0.7 %

LOGI traded up $0.64 during midday trading on Friday, hitting $89.62. 602,868 shares of the company traded hands, compared to its average volume of 544,320. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.61 and a beta of 0.73. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $105.65. The business has a 50 day simple moving average of $95.46 and a two-hundred day simple moving average of $87.96.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Equities research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International declared that its board has authorized a stock buyback program on Wednesday, March 5th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on LOGI. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Wedbush upgraded shares of Logitech International from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $100.00 to $125.00 in a research note on Friday, March 7th. StockNews.com lowered shares of Logitech International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Barclays increased their price objective on shares of 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 issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Logitech International has a consensus rating of "Hold" and an average price target of $100.14.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the firm's 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 transaction, the insider now directly owns 7,348 shares of the company's stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

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.