Mutual of America Capital Management LLC Purchases 4,221 Shares of Logitech International S.A. (NASDAQ:LOGI)

Mutual of America Capital Management LLC boosted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,591 shares of the technology company’s stock after buying an additional 4,221 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Logitech International worth $6,655,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LOGI. Barclays PLC boosted its stake in Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after acquiring an additional 1,385,493 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Logitech International by 34.2% in the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock valued at $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Logitech International in the 3rd quarter worth about $15,891,000. Finally, Janney Montgomery Scott LLC increased its position in shares of 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 purchasing an additional 164,185 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Performance

LOGI opened at $97.54 on Tuesday. The company has a fifty day moving average price of $93.50 and a two-hundred day moving average price of $87.79. The firm has a market capitalization of $15.43 billion, a PE ratio of 22.90, a P/E/G 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.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on LOGI shares. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock 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. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, January 22nd. Finally, Citigroup raised their target price on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Logitech International currently has an average rating of “Hold” and an average price target of $96.88.

Insider Activity

In related news, insider Samantha Harnett sold 300 shares of Logitech International 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 $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

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.