NatWest Group plc Has $1.88 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

NatWest Group plc reduced its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 63.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,834 shares of the technology company’s stock after selling 39,218 shares during the quarter. Logitech International makes up approximately 0.6% of NatWest Group plc’s portfolio, making the stock its 29th largest position. NatWest Group plc’s holdings in Logitech International were worth $1,880,000 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. Janney Montgomery Scott LLC grew its stake in shares of Logitech International by 4,876.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after buying an additional 164,185 shares in the last quarter. SpiderRock Advisors LLC acquired a new stake in Logitech International in the third quarter valued at approximately $1,431,000. Assetmark Inc. grew its position in Logitech International by 6,766.2% in the third quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock worth $4,418,000 after acquiring an additional 48,514 shares in the last quarter. Summit Global Investments acquired a new position in shares of Logitech International during the 3rd quarter worth $1,299,000. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Logitech International by 9.2% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock valued at $404,000 after purchasing an additional 378 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Trading Down 0.8 %

LOGI opened at $98.63 on Friday. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The business has a 50 day moving average of $87.37 and a 200-day moving average of $86.11. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 3.00 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Logitech International S.A. will post 4.18 EPS for the current year.

Insider Activity at Logitech International

In other Logitech International 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 sale, the insider now owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 brokerages recently issued reports on LOGI. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. 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 note on Monday, December 16th. Loop Capital decreased their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Citigroup lifted their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.