Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,212 shares of the technology company’s stock after purchasing an additional 1,190 shares during the quarter. QRG Capital Management Inc.’s holdings in Logitech International were worth $3,147,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Barclays PLC raised its position 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 purchasing an additional 1,967,133 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Logitech International by 34.2% during 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 last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Logitech International during the third quarter valued at approximately $15,891,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Logitech International by 4,876.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after acquiring an additional 164,185 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Down 2.2 %

Shares of Logitech International stock opened at $98.94 on Friday. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $105.65. The company’s 50-day simple moving average is $93.20 and its 200-day simple moving average is $87.73.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating 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%. Equities research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Insiders Place Their Bets

In other news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was 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 $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LOGI has been the subject of several recent research reports. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Barclays upped their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.88.

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.