Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,157 shares of the technology company’s stock after purchasing an additional 1,926 shares during the quarter. Assetmark Inc.’s holdings in Logitech International were worth $4,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LOGI. Barclays PLC lifted its position in shares of Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of 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 worth $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Logitech International during the third quarter worth about $15,891,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Logitech International by 4,876.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

LOGI has been the topic of several research reports. Bank of America reissued an “underperform” rating and set a $90.00 price target (down previously from $105.00) on shares of Logitech International in a research report on Friday, February 28th. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the stock 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 note on Friday, January 31st. Kepler Capital Markets upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.50.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the 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 of the company’s stock, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Logitech International Stock Up 1.2 %

Shares of Logitech International stock opened at $97.67 on Friday. The firm has a market capitalization of $15.45 billion, a P/E ratio of 22.93, a P/E/G 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 firm’s 50 day moving average is $94.58 and its two-hundred day moving average is $87.97.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results 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 net margin of 14.38% and a return on equity of 30.53%. As a group, 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 authorized a stock buyback plan on Wednesday, March 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the technology company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management 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.