XTX Topco Ltd Acquires Shares of 13,982 Logitech International S.A. (NASDAQ:LOGI)

XTX Topco Ltd purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,982 shares of the technology company's stock, valued at approximately $1,151,000.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Logitech International during the fourth quarter valued at approximately $27,000. Bessemer Group Inc. lifted its position in Logitech International by 1,339.1% in the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after buying an additional 308 shares during the last quarter. Exane Asset Management purchased a new position in Logitech International during the fourth quarter worth $32,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Logitech International in the 4th quarter worth about $49,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in 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 purchasing an additional 233 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented 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. JPMorgan Chase & Co. reduced their price objective on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday. Citigroup dropped their price target on Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays upped their price objective on shares of Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $90.57.

Logitech International Stock Performance

LOGI stock traded down $1.21 on Monday, hitting $70.42. 54,804 shares of the company's stock were exchanged, compared to its average volume of 594,043. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $105.65. The stock has a market cap of $11.14 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. The firm has a 50 day moving average price of $88.64 and a two-hundred day moving average price of $86.56.

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

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

Insider Buying and Selling

In other news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 7,348 shares of the company's stock, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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.