Blue Trust Inc. Sells 3,738 Shares of Logitech International S.A. (NASDAQ:LOGI)

Blue Trust Inc. lessened its stake in Logitech International S.A. (NASDAQ:LOGI) by 64.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,095 shares of the technology company’s stock after selling 3,738 shares during the period. Blue Trust Inc.’s holdings in Logitech International were worth $173,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Pictet North America Advisors SA raised its position in shares of Logitech International by 8.0% during the 4th quarter. Pictet North America Advisors SA now owns 37,649 shares of the technology company’s stock valued at $3,117,000 after acquiring an additional 2,774 shares during the last quarter. Vontobel Holding Ltd. boosted its stake 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. Lester Murray Antman dba SimplyRich boosted its stake in Logitech International by 23.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 9,539 shares of the technology company’s stock worth $785,000 after purchasing an additional 1,797 shares during the period. Kestra Private Wealth Services LLC lifted its position in Logitech International by 41.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,105 shares of the technology company’s stock worth $667,000 after buying an additional 2,375 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Logitech International during the 4th quarter worth about $314,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

LOGI stock opened at $103.27 on Friday. The company has a fifty day moving average price of $90.77 and a 200-day moving average price of $87.00. The company has a market capitalization of $16.33 billion, a P/E ratio of 24.24, a PEG ratio of 2.65 and a beta of 0.78. 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 quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. As a group, sell-side analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOGI has been the topic of several analyst reports. Barclays boosted 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 cut shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $114.00 to $92.00 in a report on Monday, December 16th. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.13.

Insider Buying and Selling

In related news, 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 transaction of $28,980.00. Following the completion of the transaction, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

About Logitech International

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.