Semanteon Capital Management LP Purchases 4,664 Shares of Logitech International S.A. (NASDAQ:LOGI)

Semanteon Capital Management LP increased its position in Logitech International S.A. (NASDAQ:LOGI) by 54.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,179 shares of the technology company’s stock after acquiring an additional 4,664 shares during the quarter. Semanteon Capital Management LP’s holdings in Logitech International were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its holdings in Logitech International by 64.2% during the third 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 during the last quarter. Vontobel Holding Ltd. raised its holdings in Logitech International by 34.2% in the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Logitech International by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company’s stock valued at $215,127,000 after purchasing an additional 146,338 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Logitech International by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after buying an additional 19,046 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Activity at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the 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 $709,816.80. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

Logitech International Stock Down 0.6 %

Shares of NASDAQ:LOGI opened at $90.87 on Friday. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. The firm has a 50 day moving average of $95.77 and a 200 day moving average of $87.98. 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 released its earnings results 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 net margin of 14.38% and a return on equity of 30.53%. On average, sell-side analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

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

Analyst Ratings Changes

LOGI has been the topic of a number of recent analyst reports. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and raised their price target for the company 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, March 3rd. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Barclays increased their price objective on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Wedbush upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and upped their target price for the company from $100.00 to $125.00 in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Logitech International has an average rating of “Hold” and a consensus price target of $100.14.

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.