Azzad Asset Management Inc. ADV Buys 3,820 Shares of Logitech International S.A. (NASDAQ:LOGI)

Azzad Asset Management Inc. ADV boosted its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,008 shares of the technology company's stock after buying an additional 3,820 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in Logitech International were worth $3,039,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Logitech International by 8.2% in the fourth quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock valued at $448,409,000 after purchasing an additional 414,236 shares during the last quarter. Vontobel Holding Ltd. grew its position in Logitech International by 34.2% in the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock valued at $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Logitech International by 2.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,148,266 shares of the technology company's stock valued at $341,610,000 after buying an additional 85,278 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Logitech International by 6.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock valued at $215,127,000 after buying an additional 146,338 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Logitech International by 13.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock worth $188,254,000 after buying an additional 266,167 shares in the last quarter. Institutional investors own 45.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LOGI shares. UBS Group upgraded Logitech International from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Loop Capital lowered their target price on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Citigroup cut their price target on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price objective on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen cut shares of Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $84.29.

Logitech International Trading Down 2.0%

Shares of NASDAQ:LOGI traded down $1.75 on Tuesday, hitting $85.20. The company had a trading volume of 359,588 shares, compared to its average volume of 634,491. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 18.07 and a beta of 0.96. The stock has a 50 day moving average price of $80.82 and a 200 day moving average price of $86.57. 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 announced its earnings results on Tuesday, April 29th. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. Logitech International's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. Sell-side 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 of Directors has authorized a share buyback 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.