Invesco Ltd. Trims Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Invesco Ltd. decreased its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 674,597 shares of the technology company's stock after selling 15,915 shares during the period. Invesco Ltd. owned approximately 0.43% of Logitech International worth $55,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Logitech International by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,211 shares of the technology company's stock worth $1,455,000 after purchasing an additional 1,206 shares during the last quarter. MML Investors Services LLC grew its stake in Logitech International by 16.3% in the 3rd quarter. MML Investors Services LLC now owns 2,935 shares of the technology company's stock worth $263,000 after acquiring an additional 411 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Logitech International during the third quarter valued at approximately $421,000. Barclays PLC boosted its holdings in shares of Logitech International by 64.2% in 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 period. Finally, World Investment Advisors LLC purchased a new position in Logitech International during the 3rd quarter worth $12,597,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

LOGI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Citigroup lowered their target price on Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Wedbush upgraded Logitech International from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $100.00 to $125.00 in a research note on Friday, March 7th. Finally, Barclays raised their price target on shares of Logitech International from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $90.57.

Logitech International Trading Down 1.5 %

Shares of NASDAQ LOGI traded down $1.09 during trading on Monday, reaching $70.54. 36,813 shares of the company traded hands, compared to its average volume of 593,923. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $105.65. The stock has a market cap of $11.16 billion, a P/E ratio of 16.56, a PEG ratio of 2.61 and a beta of 0.97. The firm's fifty day simple moving average is $88.64 and its 200 day simple moving average is $86.56.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. As a group, research analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International declared that its Board of Directors has approved a share buyback program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.