Northern Trust Corp Has $9.50 Million Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Northern Trust Corp lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 53.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,330 shares of the technology company's stock after purchasing an additional 40,213 shares during the period. Northern Trust Corp owned 0.07% of Logitech International worth $9,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LOGI. PNC Financial Services Group Inc. grew its holdings in Logitech International by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock worth $458,000 after purchasing an additional 127 shares during the period. Freedom Investment Management Inc. boosted its stake 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 worth $284,000 after acquiring an additional 136 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 worth $123,000 after acquiring an additional 213 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings 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 worth $267,000 after acquiring an additional 230 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock valued at $53,000 after acquiring an additional 233 shares during the period. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Up 0.2%

Shares of LOGI traded up $0.16 during mid-day trading on Wednesday, hitting $86.71. 707,892 shares of the company's stock were exchanged, compared to its average volume of 628,501. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.61 and a beta of 0.99. The stock's 50-day simple moving average is $80.00 and its 200-day simple moving average is $85.79. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $105.65.

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

Logitech International declared that its board has approved a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have commented on LOGI. StockNews.com cut shares of Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Barclays lowered their price target on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their price objective for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $84.29.

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.