Cozad Asset Management Inc. Sells 964 Shares of Logitech International S.A. (NASDAQ:LOGI)

Cozad Asset Management Inc. trimmed its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,868 shares of the technology company’s stock after selling 964 shares during the quarter. Cozad Asset Management Inc.’s holdings in Logitech International were worth $319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of Logitech International by 10.6% during the third quarter. Empowered Funds LLC now owns 23,765 shares of the technology company’s stock worth $2,132,000 after acquiring an additional 2,283 shares during the period. Strengthening Families & Communities LLC raised its holdings in shares of Logitech International by 9.2% during the third quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock worth $404,000 after acquiring an additional 378 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Logitech International during the third quarter worth $2,372,000. Banco Santander S.A. acquired a new stake in shares of Logitech International during the third quarter worth $485,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Logitech International by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,211 shares of the technology company’s stock worth $1,455,000 after acquiring an additional 1,206 shares during the period. 45.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LOGI shares. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Bank of America reiterated an “underperform” rating and issued a $90.00 price target (down from $105.00) on shares of Logitech International in a research note on Friday, February 28th. Wedbush upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $100.00 to $125.00 in a research note on Friday, March 7th. Barclays lifted their price target on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.14.

Logitech International Price Performance

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

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping 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%. As a group, analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International announced 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 reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction dated Monday, February 3rd. The shares were 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 owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

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.