Fox Run Management L.L.C. Takes Position in Logitech International S.A. (NASDAQ:LOGI)

Fox Run Management L.L.C. purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,378 shares of the technology company’s stock, valued at approximately $1,266,000.

A number of other large investors have also recently added to or reduced their stakes in LOGI. Sierra Ocean LLC acquired a new position in Logitech International during the fourth quarter worth about $27,000. Exane Asset Management purchased a new position in shares of Logitech International during the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB raised its position 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 worth $53,000 after purchasing an additional 233 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Logitech International by 109.4% in 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. grew its holdings in 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 during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Stock Down 1.0 %

NASDAQ:LOGI opened at $89.97 on Friday. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $105.65. The firm’s 50 day moving average is $95.86 and its two-hundred day moving average is $87.97. The company has a market cap of $14.23 billion, a P/E ratio of 21.12, a P/E/G ratio of 2.61 and a beta of 0.73.

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 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%. Research analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

LOGI has been the subject of a number of analyst reports. Wedbush raised Logitech International from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $100.00 to $125.00 in a report on Friday, March 7th. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Barclays raised their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average target price of $100.14.

Insider Activity

In related news, insider Samantha Harnett sold 300 shares of the firm’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 value of $28,980.00. Following the transaction, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.