Credit Industriel ET Commercial Purchases Shares of 13,009 Logitech International S.A. (NASDAQ:LOGI)

Credit Industriel ET Commercial bought a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,009 shares of the technology company's stock, valued at approximately $976,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in Logitech International by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock valued at $458,000 after purchasing an additional 127 shares in the last quarter. Freedom Investment Management Inc. grew its stake in shares of Logitech International by 4.1% in the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock valued at $284,000 after buying an additional 136 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Logitech International by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company's stock valued at $123,000 after acquiring an additional 213 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Logitech International by 7.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock worth $267,000 after acquiring an additional 230 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Price Performance

Shares of NASDAQ LOGI traded up $0.01 during trading hours on Tuesday, reaching $78.49. The stock had a trading volume of 512,217 shares, compared to its average volume of 603,467. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.61 and a beta of 0.97. The business's fifty day moving average is $85.22 and its two-hundred day moving average is $86.12. Logitech International S.A. has a twelve month low of $64.73 and a twelve month high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Sell-side analysts forecast 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 stock buyback program on Wednesday, March 5th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions 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 completion of the sale, the insider now directly owns 7,348 shares of the company's stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOGI has been the subject of several analyst reports. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Barclays increased their price objective on Logitech International from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. StockNews.com lowered shares of Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Citigroup dropped their target price on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Logitech International currently has a consensus rating of "Hold" and an average target price of $88.43.

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.