Logitech International S.A. $LOGI Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,673 shares of the technology company’s stock after selling 27,638 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Logitech International were worth $31,492,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Logitech International in the 2nd quarter worth $27,000. Quarry LP acquired a new stake in shares of Logitech International in the 1st quarter worth $33,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Logitech International in the 1st quarter valued at $64,000. SVB Wealth LLC acquired a new position in shares of Logitech International in the 1st quarter valued at $82,000. Finally, Exane Asset Management increased its position in shares of Logitech International by 162.6% in the 1st quarter. Exane Asset Management now owns 1,066 shares of the technology company’s stock valued at $85,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Down 0.8%

Shares of LOGI opened at $109.55 on Thursday. The business’s 50-day moving average is $107.09 and its two-hundred day moving average is $92.96. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $114.94.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. Logitech International has set its Q2 2026 guidance at EPS. On average, analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total transaction of $555,150.00. Following the sale, the insider directly owned 62,437 shares of the company’s stock, valued at $6,932,380.11. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup raised Logitech International from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $130.00 in a research report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a research report on Wednesday, October 8th. Barclays upped their target price on Logitech International from $92.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on Logitech International from $80.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, Morgan Stanley upped their target price on Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Logitech International presently has an average rating of “Moderate Buy” and a consensus price target of $100.89.

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.