Assenagon Asset Management S.A. Buys 1,385,493 Shares of Logitech International S.A. (NASDAQ:LOGI)

Assenagon Asset Management S.A. grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 2,315.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,445,319 shares of the technology company’s stock after acquiring an additional 1,385,493 shares during the quarter. Assenagon Asset Management S.A. owned about 0.91% of Logitech International worth $119,673,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LOGI. Tealwood Asset Management Inc. increased its stake in Logitech International by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after purchasing an additional 175 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Logitech International during the fourth quarter valued at approximately $202,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International during the third quarter valued at approximately $105,000. World Investment Advisors LLC purchased a new position in Logitech International in the 3rd quarter worth approximately $12,597,000. Finally, Barclays PLC lifted its position in Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after acquiring an additional 1,967,133 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Transactions at Logitech International

In related news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Logitech International Trading Up 1.7 %

LOGI opened at $87.02 on Wednesday. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.92 and a beta of 0.77. The company’s 50 day moving average is $82.10 and its 200 day moving average is $86.00.

Analysts Set New Price Targets

A number of research firms have commented on LOGI. Barclays reduced their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $114.00 to $92.00 in a research note on Monday, December 16th. StockNews.com lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and an average target price of $92.88.

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.