Axa S.A. Acquires 47,764 Shares of Logitech International S.A. (NASDAQ:LOGI)

AXA S.A. raised its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 447,257 shares of the technology company's stock after acquiring an additional 47,764 shares during the period. AXA S.A. owned about 0.28% of Logitech International worth $36,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in shares of Logitech International during the fourth quarter worth about $27,000. Bessemer Group Inc. increased its holdings in Logitech International by 1,339.1% during the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after purchasing an additional 308 shares in the last quarter. Exane Asset Management bought a new position in Logitech International during the 4th quarter valued at $32,000. Tower Research Capital LLC TRC raised its holdings in shares of Logitech International by 975.6% in the fourth 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 last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Logitech International during the fourth quarter valued at about $49,000. 45.76% of the stock is owned by institutional investors.

Logitech International Trading Up 1.5 %

LOGI stock traded up $1.12 during midday trading on Wednesday, hitting $77.64. The company had a trading volume of 649,490 shares, compared to its average volume of 606,952. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $105.65. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.61 and a beta of 0.99. The stock's 50 day moving average price is $82.05 and its 200 day moving average price is $85.69.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $1.01 billion during 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%. Logitech International's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. Analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LOGI. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their price target for the stock from $90.00 to $73.00 in a research note on Friday, April 4th. Barclays lowered their price target on Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Logitech International presently has a consensus rating of "Hold" and an average price target of $85.71.

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.