D. E. Shaw & Co. Inc. Has $29.55 Million Holdings in Logitech International S.A. (NASDAQ:LOGI)

D. E. Shaw & Co. Inc. increased its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 189.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358,873 shares of the technology company's stock after purchasing an additional 235,078 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.23% of Logitech International worth $29,553,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of LOGI. Barclays PLC increased its stake in Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock worth $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Norges Bank acquired a new position in Logitech International during the 4th quarter worth approximately $156,888,000. Assenagon Asset Management S.A. boosted its position in Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock worth $119,673,000 after acquiring an additional 1,385,493 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Logitech International by 34.2% during the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock worth $402,802,000 after acquiring an additional 1,240,478 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Logitech International by 700.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 748,580 shares of the technology company's stock worth $61,978,000 after acquiring an additional 655,025 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Performance

LOGI traded up $0.63 during trading hours on Wednesday, reaching $87.59. The company's stock had a trading volume of 745,578 shares, compared to its average volume of 623,984. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $105.65. The company's 50-day moving average is $80.37 and its 200-day moving average is $85.67. The firm has a market cap of $13.85 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.61 and a beta of 0.99.

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, beating analysts' consensus estimates of $0.86 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the business earned $0.99 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. Equities 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 authorized a stock 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 reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

LOGI has been the subject of a number of recent research reports. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and reduced their price target for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. StockNews.com downgraded Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Loop Capital cut their price objective on Logitech International from $97.00 to $78.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $85.71.

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.