Generali Asset Management SPA SGR Takes Position in Logitech International S.A. (NASDAQ:LOGI)

Generali Asset Management SPA SGR purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 65,956 shares of the technology company’s stock, valued at approximately $4,949,000.

A number of other large investors have also recently modified their holdings of LOGI. Sierra Ocean LLC bought a new stake in shares of Logitech International during the 4th quarter valued at about $27,000. Exane Asset Management purchased a new position in shares of Logitech International during the 4th quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after buying an additional 233 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Logitech International by 109.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock valued at $99,000 after buying an additional 631 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. raised its holdings in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of LOGI stock opened at $90.62 on Wednesday. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $105.65. The firm has a market cap of $14.33 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.61 and a beta of 0.73. The business’s 50 day moving average price is $95.61 and its 200-day moving average price is $87.94.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. As a group, equities analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

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

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 300 shares of Logitech International 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 sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. StockNews.com cut Logitech International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Citigroup lifted their price target on Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.14.

Logitech International Company 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.