Tealwood Asset Management Inc. Acquires 175 Shares of Logitech International S.A. (NASDAQ:LOGI)

Tealwood Asset Management Inc. grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,952 shares of the technology company’s stock after purchasing an additional 175 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Logitech International were worth $1,231,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Logitech International during the 2nd quarter worth approximately $35,000. Employees Retirement System of Texas purchased a new stake in shares of Logitech International during the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of Logitech International by 115,300.0% in the third 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 during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Logitech International during the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $85.55 on Tuesday. The firm has a market capitalization of $13.53 billion, a P/E ratio of 19.05, a PEG ratio of 1.92 and a beta of 0.77. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The company’s 50-day simple moving average is $82.10 and its 200 day simple moving average is $86.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Loop Capital reduced 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. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. 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. Finally, StockNews.com lowered Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.88.

Insider Activity

In other news, Director Guy Gecht purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

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.