Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 65.0% during the fourth quarter, HoldingsChannel reports. The fund owned 37,627 shares of the technology company’s stock after selling 69,772 shares during the quarter. Achmea Investment Management B.V.’s holdings in Logitech International were worth $3,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LOGI. Sierra Ocean LLC acquired a new position in shares of Logitech International during the fourth quarter worth about $27,000. Exane Asset Management acquired a new position in shares of Logitech International during the fourth quarter worth about $32,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after acquiring an additional 233 shares during the period. Global Retirement Partners LLC increased its stake in shares of Logitech International by 109.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after acquiring an additional 631 shares during the period. Finally, Transamerica Financial Advisors Inc. increased its stake in shares of Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,153 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $89.62 on Friday. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $105.65. The company has a market capitalization of $14.17 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. The firm’s 50-day moving average is $95.32 and its two-hundred day moving average is $87.99.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating 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, analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International declared that its Board of Directors has approved a stock repurchase program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOGI. Bank of America reiterated an “underperform” rating and set a $90.00 price target (down from $105.00) on shares of Logitech International in a research note on Friday, February 28th. Citigroup boosted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Barclays boosted their price objective 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.14.

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.