Nebula Research & Development LLC Purchases Shares of 11,060 Logitech International S.A. (NASDAQ:LOGI)

Nebula Research & Development LLC purchased a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,060 shares of the technology company's stock, valued at approximately $911,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of Logitech International by 8.2% during the 4th quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock worth $448,409,000 after buying an additional 414,236 shares in the last quarter. Vontobel Holding Ltd. raised its stake in 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 acquiring an additional 1,240,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Logitech International by 6.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock worth $215,127,000 after acquiring an additional 146,338 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Logitech International by 13.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock valued at $188,254,000 after purchasing an additional 266,167 shares in the last quarter. Finally, Norges Bank acquired a new position in Logitech International during the 4th quarter worth approximately $156,888,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Insider Buying and Selling

In related news, insider Samantha Harnett sold 300 shares of the company'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 transaction 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 represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Logitech International Stock Performance

Shares of LOGI stock traded up $0.60 during mid-day trading on Thursday, hitting $75.99. The company's stock had a trading volume of 717,308 shares, compared to its average volume of 604,389. The company has a market cap of $12.02 billion, a PE ratio of 17.84, a P/E/G ratio of 2.61 and a beta of 0.97. The company's fifty day simple moving average is $84.15 and its 200-day simple moving average is $85.99. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. The company's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, equities analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of analysts have weighed in on LOGI shares. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. StockNews.com cut Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Barclays cut their price target on Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. Finally, Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Logitech International has a consensus rating of "Hold" and a consensus target price of $86.14.

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.