Quantinno Capital Management LP Buys 16,338 Shares of Logitech International S.A. (NASDAQ:LOGI)

Quantinno Capital Management LP boosted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,421 shares of the technology company's stock after purchasing an additional 16,338 shares during the quarter. Quantinno Capital Management LP's holdings in Logitech International were worth $3,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in Logitech International during the 4th quarter valued at approximately $26,000. Sierra Ocean LLC bought a new stake in Logitech International during the 4th quarter valued at approximately $27,000. Bessemer Group Inc. raised its stake in Logitech International by 1,339.1% during the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after purchasing an additional 308 shares during the period. Exane Asset Management bought a new stake in Logitech International during the 4th quarter valued at approximately $32,000. Finally, Tower Research Capital LLC TRC raised its stake in Logitech International by 975.6% during the 4th 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. Institutional investors own 45.76% of the company's stock.

Logitech International Price Performance

Shares of Logitech International stock traded down $2.70 on Friday, reaching $83.84. The company had a trading volume of 636,856 shares, compared to its average volume of 629,105. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 2.61 and a beta of 0.99. The firm's 50-day moving average price is $79.74 and its two-hundred day moving average price is $85.87. 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 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 firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

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

Wall Street Analyst Weigh In

LOGI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Citigroup cut their price target on Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Logitech International in a report on Wednesday. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and cut their price target for the company from $90.00 to $73.00 in a report on Friday, April 4th. Finally, Barclays cut their price target on Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Logitech International presently has a consensus rating of "Hold" and an average 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.