Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 30.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 483,709 shares of the technology company’s stock after selling 215,719 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.31% of Logitech International worth $40,046,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LOGI. Janney Montgomery Scott LLC lifted its position in Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after acquiring an additional 164,185 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Logitech International by 8.0% in 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. Bank of New York Mellon Corp lifted its holdings in shares of Logitech International by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,097 shares of the technology company’s stock worth $28,913,000 after purchasing an additional 18,986 shares during the period. US Bancorp DE boosted its position in Logitech International by 5.6% in the fourth quarter. US Bancorp DE now owns 8,344 shares of the technology company’s stock valued at $687,000 after buying an additional 446 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in Logitech International in the 3rd quarter worth approximately $12,597,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Logitech International Price Performance

Logitech International stock opened at $69.30 on Friday. The stock has a market capitalization of $10.96 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. The business has a 50 day simple moving average of $95.10 and a 200-day simple moving average of $87.90. Logitech International S.A. has a 12 month low of $67.20 and a 12 month high of $105.65.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

LOGI has been the subject of several research reports. Citigroup lifted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wedbush upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $100.00 to $125.00 in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com cut Logitech International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. 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.com, Logitech International has an average rating of “Hold” and an average target price of $97.71.

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.