Signaturefd LLC Sells 137 Shares of Logitech International S.A. (NASDAQ:LOGI)

Signaturefd LLC trimmed its stake in Logitech International S.A. (NASDAQ:LOGI) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 6,765 shares of the technology company’s stock after selling 137 shares during the quarter. Signaturefd LLC’s holdings in Logitech International were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Daiwa Securities Group Inc. boosted its stake in shares of Logitech International by 85.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 10,214 shares of the technology company’s stock valued at $971,000 after purchasing an additional 4,714 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Logitech International by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock worth $267,457,000 after purchasing an additional 760,263 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Logitech International by 44.7% during the fourth quarter. Mackenzie Financial Corp now owns 8,828 shares of the technology company’s stock valued at $836,000 after acquiring an additional 2,726 shares in the last quarter. Beverly Hills Private Wealth LLC bought a new position in shares of Logitech International during the fourth quarter valued at $211,000. Finally, Vontobel Holding Ltd. increased its holdings in shares of Logitech International by 2.3% during the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after acquiring an additional 121,060 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOGI. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Morgan Stanley restated an “underweight” rating and set a $75.00 price target (down from $85.00) on shares of Logitech International in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Citigroup raised their price target on Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, Wedbush restated a “neutral” rating and set a $92.00 price target on shares of Logitech International in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.43.

Logitech International Stock Up 1.0 %

LOGI stock opened at $79.01 on Wednesday. Logitech International S.A. has a twelve month low of $53.91 and a twelve month high of $96.66. The stock has a market cap of $12.50 billion, a P/E ratio of 25.82, a PEG ratio of 1.64 and a beta of 0.74. The business’s 50-day moving average price is $87.60 and its 200-day moving average price is $86.27.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.43. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. On average, equities research analysts expect that Logitech International S.A. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the transaction, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $90.00, for a total value of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at approximately $5,495,040. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,572 shares of company stock valued at $2,207,555. Corporate insiders own 0.15% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.