Wellington Management Group LLP Has $12.45 Million Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Wellington Management Group LLP boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,393 shares of the technology company's stock after buying an additional 14,497 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Logitech International worth $12,453,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Logitech International by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock valued at $507,000 after acquiring an additional 120 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Logitech International by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock valued at $458,000 after acquiring an additional 127 shares during the last quarter. Freedom Investment Management Inc. raised its position in shares of Logitech International by 4.1% during the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock valued at $284,000 after acquiring an additional 136 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Logitech International by 16.6% during the 4th 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. raised its position in shares of Logitech International by 7.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock valued at $267,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and dropped their target price for the company from $90.00 to $73.00 in a research report on Friday, April 4th. Barclays lowered their price objective on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Logitech International in a research report on Wednesday, May 21st. Seven 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, Logitech International currently has a consensus rating of "Hold" and an average target price of $84.29.

Logitech International Stock Performance

NASDAQ LOGI traded up $0.94 on Friday, reaching $85.25. The company had a trading volume of 389,543 shares, compared to its average volume of 629,741. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $105.65. The company's fifty day moving average is $78.71 and its 200-day moving average is $86.20.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. On average, research analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International declared that its Board of Directors has authorized a share buyback program on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Logitech International Company 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.