Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Principal Securities Inc.

Principal Securities Inc. reduced its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,343 shares of the technology company’s stock after selling 167 shares during the period. Principal Securities Inc.’s holdings in Logitech International were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pictet North America Advisors SA lifted its stake in shares of Logitech International by 8.0% during the fourth quarter. Pictet North America Advisors SA now owns 37,649 shares of the technology company’s stock worth $3,117,000 after buying an additional 2,774 shares during the period. Vontobel Holding Ltd. lifted its stake 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 buying an additional 1,240,478 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in shares of Logitech International by 23.2% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 9,539 shares of the technology company’s stock worth $785,000 after buying an additional 1,797 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Logitech International by 41.4% during the fourth 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 during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Logitech International during the fourth quarter worth $314,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their target price on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Citigroup lifted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America cut shares of 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 report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Logitech International presently has an average rating of “Hold” and a consensus price target of $97.13.

Logitech International Stock Up 0.7 %

LOGI stock opened at $104.00 on Friday. The stock has a market capitalization of $16.45 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.63 and a beta of 0.78. The firm has a 50-day simple moving average of $91.16 and a 200-day simple moving average of $87.13. 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 earnings results 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 net margin of 14.38% and a return on equity of 30.53%. On average, analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

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.