Logitech International S.A. (NASDAQ:LOGI) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,419 shares of the technology company’s stock after selling 2,771 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Logitech International were worth $2,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in Logitech International by 2.3% during 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. Tealwood Asset Management Inc. increased its position in shares of Logitech International by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC raised its stake in Logitech International by 16.6% in the 4th 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 last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Logitech International by 7.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company’s stock worth $267,000 after acquiring an additional 230 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 valued at $53,000 after purchasing an additional 233 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LOGI shares. StockNews.com downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Wedbush raised shares of Logitech International from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $100.00 to $125.00 in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Citigroup increased their price target on Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Logitech International presently has an average rating of “Hold” and an average target price of $100.14.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Logitech International Trading Down 16.6 %

NASDAQ LOGI opened at $71.41 on Friday. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.61 and a beta of 0.73. The stock has a 50-day moving average of $95.54 and a 200 day moving average of $88.02. Logitech International S.A. has a twelve month low of $69.95 and a twelve month high of $105.65.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping 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 predict that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 5th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.