Townsquare Capital LLC Has $328,000 Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Townsquare Capital LLC reduced its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 47.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,977 shares of the technology company's stock after selling 3,655 shares during the period. Townsquare Capital LLC's holdings in Logitech International were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. MML Investors Services LLC grew its holdings in Logitech International by 16.3% in the third quarter. MML Investors Services LLC now owns 2,935 shares of the technology company's stock valued at $263,000 after purchasing an additional 411 shares during the period. Barclays PLC increased its holdings in shares of Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock worth $451,426,000 after buying an additional 1,967,133 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Logitech International during the 3rd quarter worth $12,597,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Logitech International in the 3rd quarter worth $105,000. Finally, Miracle Mile Advisors LLC acquired a new position in Logitech International in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Trading Up 0.8 %

Logitech International stock traded up $0.64 during midday trading on Friday, reaching $77.79. 840,056 shares of the stock traded hands, compared to its average volume of 602,214. The firm has a fifty day moving average price of $85.73 and a two-hundred day moving average price of $86.16. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $105.65. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.61 and a beta of 0.97.

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

Logitech International announced that its Board of Directors has authorized a share buyback program on Wednesday, March 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOGI shares. JPMorgan Chase & Co. reduced their price objective on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and reduced their price target for the company from $90.00 to $73.00 in a research report on Friday, April 4th. Wedbush reissued an "outperform" rating and issued a $110.00 price objective (down previously from $125.00) on shares of Logitech International in a research report on Thursday. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Finally, StockNews.com downgraded Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $88.43.

Insider Activity at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

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.