Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,445,157 shares of the technology company's stock after purchasing an additional 414,236 shares during the period. Barclays PLC owned 3.44% of Logitech International worth $448,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company's stock valued at $13,798,000 after acquiring an additional 164,185 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Logitech International by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,211 shares of the technology company's stock valued at $1,455,000 after purchasing an additional 1,206 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Logitech International by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,097 shares of the technology company's stock worth $28,913,000 after buying an additional 18,986 shares in the last quarter. US Bancorp DE increased its holdings in shares of Logitech International by 5.6% in the 4th quarter. US Bancorp DE now owns 8,344 shares of the technology company's stock worth $687,000 after buying an additional 446 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Logitech International during the 3rd quarter valued at about $12,597,000. Institutional investors own 45.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush upgraded 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 research report on Friday, March 7th. Barclays raised their price target on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Citigroup cut their price objective on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Logitech International currently has a consensus rating of "Hold" and an average price target of $90.57.

Logitech International Stock Performance

NASDAQ LOGI traded up $1.50 on Friday, reaching $71.63. 524,868 shares of the stock traded hands, compared to its average volume of 595,212. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $105.65. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.61 and a beta of 0.97. The company has a fifty day moving average price of $88.64 and a 200-day moving average price of $86.55.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping 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, research analysts anticipate 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 authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Logitech International

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction 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 transaction, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.