Quantinno Capital Management LP Boosts Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Quantinno Capital Management LP raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 15.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,083 shares of the technology company’s stock after acquiring an additional 3,551 shares during the period. Quantinno Capital Management LP’s holdings in Logitech International were worth $2,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Logitech International during the 2nd quarter worth approximately $35,000. Employees Retirement System of Texas purchased a new position in shares of Logitech International during the 2nd quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after buying an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. raised its stake in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after buying an additional 1,153 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Logitech International by 2,036.8% during the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after buying an additional 1,385 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Logitech International

In other Logitech International news, Director Guy Gecht acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $84.45 on Wednesday. The business’s fifty day moving average price is $82.71 and its two-hundred day moving average price is $88.49. The stock has a market cap of $13.36 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.78. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LOGI shares. Wedbush reissued a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Loop Capital lowered their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Barclays lowered their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.00.

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.