Logitech International S.A. $LOGI Shares Sold by NatWest Group plc

NatWest Group plc cut its position in Logitech International S.A. (NASDAQ:LOGI) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 22,700 shares of the technology company’s stock after selling 503 shares during the period. NatWest Group plc’s holdings in Logitech International were worth $2,046,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Logitech International in the second quarter valued at about $27,000. Quarry LP purchased a new position in Logitech International during the first quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in Logitech International during the first quarter worth $64,000. SVB Wealth LLC acquired a new stake in shares of Logitech International in the first quarter valued at $82,000. Finally, Exane Asset Management grew its stake in Logitech International by 162.6% during the 1st quarter. Exane Asset Management now owns 1,066 shares of the technology company’s stock worth $85,000 after purchasing an additional 660 shares in the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BNP Paribas raised Logitech International from a “hold” rating to a “strong-buy” rating and lifted their price target for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Logitech International from $80.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Morgan Stanley boosted their target price on Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Wedbush boosted their target price on Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Logitech International presently has an average rating of “Moderate Buy” and an average price target of $100.89.

Logitech International Price Performance

LOGI opened at $111.36 on Friday. The business has a 50 day simple moving average of $107.63 and a 200-day simple moving average of $93.57. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $114.94.

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

Insider Buying and Selling

In other Logitech International news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total transaction of $555,150.00. Following the sale, the insider owned 62,437 shares in the company, valued at approximately $6,932,380.11. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

About Logitech International

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.