QRG Capital Management Inc. Grows Stake in Logitech International S.A. (NASDAQ:LOGI)

QRG Capital Management Inc. grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,212 shares of the technology company’s stock after purchasing an additional 1,190 shares during the quarter. QRG Capital Management Inc.’s holdings in Logitech International were worth $3,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LOGI. Sierra Ocean LLC acquired a new position in Logitech International during the 4th quarter worth approximately $27,000. Exane Asset Management purchased a new stake in shares of Logitech International during the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Logitech International by 56.0% during the fourth 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 in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Logitech International by 109.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock valued at $99,000 after purchasing an additional 631 shares during the period. 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 purchasing an additional 1,153 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $98.94 on Friday. Logitech International S.A. has a one year low of $74.72 and a one year high of $105.65. The company has a fifty day moving average price of $93.20 and a 200 day moving average price of $87.73. The stock has a market cap of $15.65 billion, a P/E ratio of 23.23, a PEG ratio of 2.61 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last announced 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 return on equity of 30.53% and a net margin of 14.38%. As a group, equities research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on LOGI shares. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Wedbush restated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. Citigroup lifted 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. JPMorgan Chase & Co. raised their target price 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, Barclays increased their price target on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $96.88.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the company’s 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 sale, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

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.