Assetmark Inc. Acquires 3,640 Shares of Logitech International S.A. $LOGI

Assetmark Inc. boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 6.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 56,375 shares of the technology company’s stock after purchasing an additional 3,640 shares during the quarter. Assetmark Inc.’s holdings in Logitech International were worth $5,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOGI. Sound Income Strategies LLC bought a new position in Logitech International in the 2nd quarter worth approximately $27,000. Quarry LP bought a new stake in Logitech International in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd bought a new stake in Logitech International in the 1st quarter valued at $64,000. SVB Wealth LLC bought a new stake in Logitech International in the 1st quarter valued at $82,000. Finally, Exane Asset Management increased its holdings in 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 last quarter. 45.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BNP Paribas upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating and lifted their price target for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. Barclays lifted their price target on shares of Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley lifted their price target on shares of Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th. 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 stock. According to MarketBeat, Logitech International presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Insider Buying and Selling

In related news, insider Prakash Arunkundrum sold 9,900 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider directly owned 57,437 shares in the company, valued at approximately $6,030,885. This represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Logitech International Stock Down 0.1%

Shares of LOGI opened at $120.56 on Monday. The company has a market cap of $19.07 billion, a PE ratio of 27.34, a P/E/G ratio of 4.25 and a beta of 1.00. The business has a fifty day moving average of $109.31 and a 200 day moving average of $95.64. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $122.24.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.23. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.Logitech International’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.20 earnings per share. Logitech International has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current fiscal 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.