Tudor Investment Corp ET AL Acquires 91,916 Shares of Logitech International S.A. (NASDAQ:LOGI)

Tudor Investment Corp ET AL raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 1,439.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 98,300 shares of the technology company's stock after purchasing an additional 91,916 shares during the quarter. Tudor Investment Corp ET AL owned 0.06% of Logitech International worth $8,095,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Logitech International during the 4th quarter worth about $27,000. Bessemer Group Inc. lifted its stake in Logitech International by 1,339.1% during the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after purchasing an additional 308 shares during the period. Exane Asset Management acquired a new stake in Logitech International during the fourth quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its holdings in shares of Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after buying an additional 439 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Logitech International during the fourth quarter worth $49,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on LOGI. StockNews.com cut Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Finally, Barclays decreased their price objective on Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Logitech International has a consensus rating of "Hold" and an average target price of $86.14.

Logitech International Stock Performance

LOGI traded up $2.16 during midday trading on Friday, reaching $78.15. 883,421 shares of the company were exchanged, compared to its average volume of 605,269. The stock's 50-day simple moving average is $83.08 and its 200 day simple moving average is $85.84. Logitech International S.A. has a one year low of $64.73 and a one year high of $105.65. The stock has a market capitalization of $12.36 billion, a P/E ratio of 18.35, a PEG ratio of 2.61 and a beta of 0.97.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. The company's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. On average, research 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 initiated a share buyback plan on Wednesday, March 5th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

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.