Logitech International S.A. (NASDAQ:LOGI) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 189.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 358,873 shares of the technology company's stock after acquiring an additional 235,078 shares during the period. D. E. Shaw & Co. Inc. owned 0.23% of Logitech International worth $29,553,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Banque Transatlantique SA bought a new position in Logitech International in the fourth quarter valued at $26,000. Sierra Ocean LLC purchased a new position in shares of Logitech International during the fourth quarter valued at approximately $27,000. Bessemer Group Inc. raised its holdings in Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after acquiring an additional 308 shares during the last quarter. Exane Asset Management purchased a new position in Logitech International in the 4th quarter worth approximately $32,000. Finally, Tower Research Capital LLC TRC grew its position in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 45.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOGI. Barclays dropped their target price on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Citigroup decreased their target price on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and reduced their target price for the stock from $90.00 to $73.00 in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $85.71.

Logitech International Stock Down 2.0%

Shares of LOGI traded down $1.77 on Friday, hitting $86.00. 597,337 shares of the stock traded hands, compared to its average volume of 624,316. The firm has a market capitalization of $13.60 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.61 and a beta of 0.99. The stock's 50 day moving average is $80.24 and its two-hundred day moving average is $85.70. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65.

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

Logitech International announced that its board has initiated a stock repurchase program 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 programs are usually a sign that the company's leadership believes its shares are undervalued.

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.