Graham Capital Management L.P. Buys Shares of 27,658 Logitech International S.A. (NASDAQ:LOGI)

Graham Capital Management L.P. acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,658 shares of the technology company's stock, valued at approximately $2,278,000.

Several other institutional investors have also bought and sold shares of LOGI. Barclays PLC lifted its position in Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock valued at $451,426,000 after purchasing an additional 1,967,133 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in Logitech International during the fourth quarter valued at $202,000. Tealwood Asset Management Inc. lifted its position in Logitech International by 1.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock valued at $1,231,000 after purchasing an additional 175 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock valued at $119,673,000 after purchasing an additional 1,385,493 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Logitech International by 8.1% in the fourth quarter. Park Avenue Securities LLC now owns 22,117 shares of the technology company's stock valued at $1,821,000 after acquiring an additional 1,666 shares during the period. Institutional investors own 45.76% of the company's stock.

Logitech International Stock Down 1.4%

LOGI stock traded down $1.21 during trading on Friday, hitting $86.55. The company had a trading volume of 1,338,723 shares, compared to its average volume of 628,082. The firm has a market capitalization of $13.69 billion, a P/E ratio of 20.32, a PEG ratio of 2.61 and a beta of 0.99. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65. The company has a 50 day simple moving average of $80.13 and a 200-day simple moving average of $85.73.

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, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The firm's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. Sell-side analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

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

Wall Street Analyst Weigh In

LOGI has been the topic of several recent analyst reports. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $90.00 to $73.00 in a research note on Friday, April 4th. Morgan Stanley raised shares of Logitech International from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Loop Capital reduced their target price on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $85.71.

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.