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

Cozad Asset Management Inc. decreased its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in Logitech International by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company’s stock valued at $458,000 after acquiring an additional 127 shares during the period. Investment Management Corp of Ontario increased its stake in Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 170 shares during the period. Tealwood Asset Management Inc. increased its stake in Logitech International by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after acquiring an additional 175 shares during the period. EverSource Wealth Advisors LLC increased its stake in Logitech International by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company’s stock valued at $123,000 after acquiring an additional 213 shares during the period. Finally, Townsquare Capital LLC increased its stake in Logitech International by 3.0% in the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company’s stock valued at $685,000 after acquiring an additional 225 shares during the period. Institutional investors own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other Logitech International 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 directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LOGI has been the topic of a number of analyst reports. Wedbush raised 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 note on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Citigroup raised their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.14.

Logitech International Price Performance

Shares of Logitech International stock opened at $90.62 on Wednesday. The firm has a market cap of $14.33 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.61 and a beta of 0.73. The firm has a 50 day simple moving average of $95.61 and a 200 day simple moving average of $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 issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating 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 initiated a share repurchase 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 purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.