Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 276,788 shares of the technology company's stock after acquiring an additional 17,355 shares during the quarter. Canada Pension Plan Investment Board owned about 0.18% of Logitech International worth $22,882,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Logitech International in the fourth quarter valued at about $27,000. Bessemer Group Inc. lifted its position in shares of Logitech International by 1,339.1% during the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after acquiring an additional 308 shares during the period. Exane Asset Management purchased a new stake in shares of Logitech International during the 4th quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Logitech International in the 4th quarter worth approximately $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Logitech International by 56.0% during 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 and hedge funds own 45.76% of the company's stock.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded up $0.35 during trading on Friday, reaching $77.50. 329,717 shares of the stock were exchanged, compared to its average volume of 600,101. The firm's 50-day moving average price is $86.27 and its 200 day moving average price is $86.22. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 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%. As a group, equities research analysts forecast that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International declared that its board has approved a share repurchase program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of research analyst reports. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Citigroup cut their price objective on Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. 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. Finally, Wedbush reiterated an "outperform" rating and set a $110.00 price objective (down previously from $125.00) on shares of Logitech International in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $88.43.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of Logitech International 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 sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is 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.