3,605 Shares in Logitech International S.A. (NASDAQ:LOGI) Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,605 shares of the technology company’s stock, valued at approximately $297,000.

A number of other hedge funds also recently modified their holdings of LOGI. Sierra Ocean LLC acquired a new position in shares of Logitech International in the fourth quarter valued at $27,000. Exane Asset Management bought a new stake in Logitech International in the 4th quarter valued at $32,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after buying an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its holdings 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 acquiring an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Logitech International during the 3rd quarter worth about $105,000. Institutional investors own 45.76% of the company’s stock.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on LOGI. Citigroup increased their price target on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.13.

Logitech International Trading Down 0.6 %

LOGI opened at $104.05 on Thursday. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65. The firm has a 50-day moving average price of $90.39 and a two-hundred day moving average price of $86.89. The stock has a market capitalization of $16.46 billion, a PE ratio of 24.42, a PEG ratio of 2.66 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share 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%. On average, research analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International 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.