Logitech International S.A. (NASDAQ:LOGI) Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,393 shares of the technology company's stock after purchasing an additional 14,497 shares during the period. Wellington Management Group LLP owned about 0.10% of Logitech International worth $12,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several brokerages have commented on LOGI. Citigroup decreased their target price on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. 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. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $90.00 to $73.00 in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price objective on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Loop Capital reduced 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. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $84.29.

Logitech International Price Performance

LOGI traded up $0.58 during trading hours on Thursday, hitting $84.43. 334,967 shares of the stock were exchanged, compared to its average volume of 628,697. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96. The stock has a 50-day simple moving average of $78.71 and a 200-day simple moving average of $86.11. Logitech International S.A. has a 12 month low of $64.73 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Sell-side analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International announced that its Board of Directors has initiated a stock repurchase program on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is 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.