Short Interest in Logitech International S.A. (NASDAQ:LOGI) Declines By 27.3%

Logitech International S.A. (NASDAQ:LOGI) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 4,270,000 shares, a drop of 27.3% from the January 15th total of 5,870,000 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 608,200 shares, the short-interest ratio is presently 7.0 days.

Analyst Ratings Changes

LOGI has been the subject of a number of research analyst reports. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Loop Capital cut their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Barclays lifted their price target on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Citigroup lifted their price target on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $97.13.

Logitech International Price Performance

Shares of Logitech International stock traded up $1.57 during trading on Friday, hitting $104.87. 388,520 shares of the company were exchanged, compared to its average volume of 834,972. The firm has a market capitalization of $16.59 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. Logitech International has a 1-year low of $74.72 and a 1-year high of $105.65. The firm’s fifty day moving average price is $88.81 and its 200 day moving average price is $86.45.

Logitech International (NASDAQ:LOGI) last posted its 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 return on equity of 30.53% and a net margin of 14.38%. As a group, equities research analysts anticipate that Logitech International will post 4.18 earnings per share for the current year.

Insider Buying and Selling 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 stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the transaction, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in shares of Logitech International during the 4th quarter worth approximately $27,000. Bessemer Group Inc. raised its stake in Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock valued at $27,000 after acquiring an additional 308 shares during the period. Exane Asset Management bought a new stake in Logitech International in the 4th quarter valued at $32,000. Tower Research Capital LLC TRC raised its stake in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company’s stock valued at $40,000 after acquiring an additional 439 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Logitech International in the 4th quarter valued at $49,000. Institutional investors own 45.76% of the company’s stock.

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.