3,810 Shares in Logitech International S.A. (NASDAQ:LOGI) Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,810 shares of the technology company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOGI. Barclays PLC lifted its stake in shares of Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after acquiring an additional 1,967,133 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after acquiring an additional 1,385,493 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Logitech International during the 3rd quarter worth approximately $15,891,000. Janney Montgomery Scott LLC lifted its stake in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after acquiring an additional 164,185 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Logitech International during the 3rd quarter worth approximately $12,597,000. 45.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Samantha Harnett sold 300 shares of the business’s 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 transaction, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by company insiders.

Logitech International Trading Up 2.9 %

Shares of NASDAQ:LOGI opened at $103.30 on Friday. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $103.54. The business’s fifty day simple moving average is $88.81 and its 200-day simple moving average is $86.45. The company has a market capitalization of $16.34 billion, a PE ratio of 24.25, a P/E/G ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last announced its earnings results 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 return on equity of 30.53% and a net margin of 14.38%. Research analysts predict that Logitech International S.A. will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, Loop Capital decreased their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.13.

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.