Sumitomo Mitsui Trust Holdings Inc. Purchases 32,396 Shares of Logitech International S.A. (NASDAQ:LOGI)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 469,494 shares of the technology company’s stock after buying an additional 32,396 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of Logitech International worth $44,622,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Impact Partnership Wealth LLC acquired a new position in Logitech International during the 3rd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Logitech International by 233.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 551 shares of the technology company’s stock valued at $34,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. raised its stake in Logitech International by 65.6% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Allworth Financial LP raised its stake in Logitech International by 249.1% during the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after purchasing an additional 538 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Logitech International during the 3rd quarter valued at $73,000. 45.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the transaction, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the transaction, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prakash Arunkundrum sold 699 shares of Logitech International stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total transaction of $62,910.00. Following the transaction, the chief operating officer now directly owns 67,848 shares in the company, valued at approximately $6,106,320. The disclosure for this sale can be found here. Insiders have sold a total of 24,572 shares of company stock valued at $2,207,555 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on LOGI. Citigroup upped their target price on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a research note on Tuesday. Morgan Stanley restated an “underweight” rating and issued a $75.00 price objective (down previously from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Wedbush restated a “neutral” rating and issued a $92.00 price objective on shares of Logitech International in a research note on Monday, March 18th. Finally, Barclays increased their price objective on shares of Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.43.

Logitech International Stock Down 1.0 %

Shares of Logitech International stock opened at $77.31 on Friday. The stock has a market capitalization of $12.23 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. The company has a 50-day simple moving average of $87.87 and a 200 day simple moving average of $85.93. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.43. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. On average, equities analysts anticipate that Logitech International S.A. will post 3.44 earnings per share for the current year.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.