Insider Selling: Logitech International S.A. (NASDAQ:LOGI) Insider Sells $28,980.00 in Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction 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 owns 7,348 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website.

Samantha Harnett also recently made the following trade(s):

• On Wednesday, November 27th, Samantha Harnett sold 280 shares of Logitech International stock. The shares were sold at an average price of $80.09, for a total value of $22,425.20.

Logitech International Stock Down 0.8 %

LOGI opened at $98.63 on Friday. The firm has a market capitalization of $15.60 billion, a P/E ratio of 23.15, a PEG ratio of 3.00 and a beta of 0.78. The stock has a fifty day moving average of $87.37 and a 200-day moving average of $86.11. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data 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 return on equity of 30.53% and a net margin of 14.38%. On average, analysts expect that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOGI. Barclays PLC lifted its position in Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 acquiring an additional 1,385,493 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after acquiring an additional 1,240,478 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Logitech International by 700.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 748,580 shares of the technology company’s stock valued at $61,978,000 after purchasing an additional 655,025 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Logitech International in the third quarter valued at about $15,891,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOGI has been the subject of a number of research analyst reports. Loop Capital cut their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. raised their target price on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays lifted their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Company 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.