Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in Logitech International S.A. (NASDAQ:LOGI) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,154 shares of the technology company’s stock after purchasing an additional 440 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Logitech International were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Investment Management Corp of Ontario lifted its stake in shares of Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after buying an additional 170 shares in the last quarter. Tealwood Asset Management Inc. lifted 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 buying an additional 175 shares in the last quarter. US Bancorp DE lifted its stake in shares of Logitech International by 2.5% in the third quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock worth $709,000 after buying an additional 196 shares in the last quarter. Townsquare Capital LLC lifted 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 buying an additional 225 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after buying an additional 233 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LOGI. Wedbush reissued a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Logitech International has a consensus rating of “Hold” and a consensus price target of $96.88.

Logitech International Price Performance

Shares of LOGI opened at $96.50 on Friday. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65. The stock has a market cap of $15.26 billion, a PE ratio of 22.65, a P/E/G ratio of 2.61 and a beta of 0.73. The firm has a 50-day simple moving average of $94.04 and a two-hundred day simple moving average of $87.90.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share 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%. As a group, sell-side 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 share repurchase program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the company’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 transaction of $28,980.00. Following the sale, the insider now directly owns 7,348 shares of the company’s stock, valued at $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

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.