Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in Logitech International S.A. (NASDAQ:LOGI) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,479 shares of the technology company’s stock after purchasing an additional 385 shares during the period. Metis Global Partners LLC’s holdings in Logitech International were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Logitech International in the 4th quarter valued at $33,000. Blue Trust Inc. raised its holdings in shares of Logitech International by 65.6% in the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after buying an additional 168 shares during the period. National Bank of Canada FI raised its holdings in shares of Logitech International by 529.4% in the 4th quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after buying an additional 360 shares during the period. Allworth Financial LP raised its holdings in shares of Logitech International by 249.1% in the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after buying an additional 538 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Logitech International in the 4th quarter valued at $104,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Buying and Selling

In related news, COO Prakash Arunkundrum sold 699 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the sale, the chief operating officer now owns 67,848 shares in the company, valued at approximately $6,106,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Prakash Arunkundrum sold 699 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the sale, the chief operating officer now owns 67,848 shares in the company, valued at approximately $6,106,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Charles D. Boynton bought 1,225 shares of Logitech International stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the purchase, the chief financial officer now owns 1,225 shares in the company, valued at approximately $99,555.75. The disclosure for this purchase can be found here. Insiders have sold a total of 23,922 shares of company stock worth $2,152,844 in the last quarter. Company insiders own 0.15% of the company’s stock.

Logitech International Stock Up 0.0 %

Shares of LOGI stock opened at $84.39 on Thursday. The stock has a market capitalization of $13.35 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78. Logitech International S.A. has a 52-week low of $53.91 and a 52-week high of $96.66. The stock’s 50-day moving average price is $86.05 and its 200 day moving average price is $86.92.

Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. Analysts expect that Logitech International S.A. will post 3.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LOGI shares. JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $85.00 in a report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Logitech International in a report on Tuesday, April 30th. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 price target (down previously from $85.00) on shares of Logitech International in a research note on Monday, April 15th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $91.00.

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.