MetLife Investment Management LLC Acquires 4,326 Shares of Logitech International S.A. (NASDAQ:LOGI)

MetLife Investment Management LLC grew its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,069 shares of the technology company's stock after buying an additional 4,326 shares during the quarter. MetLife Investment Management LLC's holdings in Logitech International were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Logitech International by 8.2% during the 4th quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock worth $448,409,000 after purchasing an additional 414,236 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Logitech International by 34.2% in the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock valued at $402,802,000 after acquiring an additional 1,240,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Logitech International by 6.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock worth $215,127,000 after acquiring an additional 146,338 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Logitech International by 13.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock worth $188,254,000 after acquiring an additional 266,167 shares during the period. Finally, Norges Bank acquired a new position in Logitech International during the 4th quarter valued at $156,888,000. Institutional investors own 45.76% of the company's stock.

Analyst Ratings Changes

LOGI has been the topic of a number of research reports. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Citigroup lowered their price target on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley raised shares of Logitech International from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Wedbush reissued an "outperform" rating and issued a $110.00 target price (down previously from $125.00) on shares of Logitech International in a research note on Thursday, April 24th. Finally, Barclays dropped their price target on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $85.71.

Logitech International Stock Down 1.4 %

Shares of LOGI stock traded down $1.07 during trading on Tuesday, reaching $76.98. 103,140 shares of the company's stock were exchanged, compared to its average volume of 604,101. The stock has a market capitalization of $12.17 billion, a PE ratio of 18.05, a PEG ratio of 2.61 and a beta of 0.99. The firm's fifty day moving average price is $82.54 and its 200-day moving average price is $85.76. Logitech International S.A. has a twelve month low of $64.73 and a twelve month high of $105.65.

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, topping analysts' consensus estimates of $0.86 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $0.99 earnings per share. Logitech International's revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

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

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.