APG Asset Management US Inc. Invests $396,000 in Logitech International S.A. (NASDAQ:LOGI)

APG Asset Management US Inc. bought a new position in Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, Holdings Channel.com reports. The firm bought 4,788 shares of the technology company’s stock, valued at approximately $396,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Logitech International in the fourth quarter worth approximately $27,000. Exane Asset Management bought a new stake in Logitech International in the fourth quarter valued at $32,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Logitech International in the fourth quarter valued at $49,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after acquiring an additional 233 shares in the last quarter. Finally, Allianz SE bought a new stake in Logitech International in the fourth quarter valued at $72,000. Institutional investors own 45.76% of the company’s stock.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction dated 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 $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Logitech International Price Performance

LOGI opened at $74.20 on Thursday. The stock has a 50-day moving average price of $92.48 and a 200-day moving average price of $87.31. The firm has a market cap of $11.73 billion, a PE ratio of 17.42, a P/E/G ratio of 2.61 and a beta of 0.97. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share 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%. As a group, sell-side analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on LOGI shares. Citigroup lifted their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America raised Logitech International from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $73.00 in a research report on Friday, April 4th. StockNews.com lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wedbush raised Logitech International from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $100.00 to $125.00 in a research report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Logitech International presently has a consensus rating of “Hold” and a consensus 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.