Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Buys 5,009 Shares of Logitech International S.A. (NASDAQ:LOGI)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 biggest 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC increased its stake in shares of Logitech International by 4,876.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company's stock valued at $13,798,000 after purchasing an additional 164,185 shares during the period. Assetmark Inc. increased its position in Logitech International by 6,766.2% in the 3rd quarter. Assetmark Inc. now owns 49,231 shares of the technology company's stock valued at $4,418,000 after acquiring an additional 48,514 shares during the period. Strengthening Families & Communities LLC raised its stake in Logitech International by 9.2% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company's stock valued at $404,000 after acquiring an additional 378 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Logitech International by 84.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 26,686 shares of the technology company's stock worth $2,395,000 after acquiring an additional 12,228 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in 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. 45.76% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, insider Samantha Harnett sold 300 shares of the business'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 completion of the sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company's stock.

Logitech International Stock Up 0.7 %

Shares of LOGI traded up $0.62 during midday trading on Friday, reaching $89.60. 500,845 shares of the stock were exchanged, compared to its average volume of 543,755. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.61 and a beta of 0.73. The firm has a 50 day simple moving average of $95.32 and a 200-day simple moving average of $87.99. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $105.65.

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

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LOGI shares. Bank of America restated an "underperform" rating and set a $90.00 price objective (down from $105.00) on shares of Logitech International in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup raised their price objective 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. Wedbush raised Logitech International from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $100.00 to $125.00 in a report on Friday, March 7th. Finally, Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Logitech International presently has a consensus rating of "Hold" and a consensus price target of $101.50.

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.