Metis Global Partners LLC Sells 3,823 Shares of Logitech International S.A. $LOGI

Metis Global Partners LLC cut its stake in Logitech International S.A. (NASDAQ:LOGI) by 37.4% in the second quarter, Holdings Channel.com reports. The firm owned 6,408 shares of the technology company’s stock after selling 3,823 shares during the period. Metis Global Partners LLC’s holdings in Logitech International were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sound Income Strategies LLC bought a new position in shares of Logitech International during the 2nd quarter worth about $27,000. Quarry LP acquired a new stake in Logitech International during the first quarter worth about $33,000. Caitong International Asset Management Co. Ltd bought a new position in Logitech International during the first quarter valued at about $64,000. SVB Wealth LLC acquired a new position in Logitech International in the 1st quarter valued at approximately $82,000. Finally, Headlands Technologies LLC bought a new stake in shares of Logitech International in the 1st quarter worth approximately $130,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $105.00, for a total value of $1,039,500.00. Following the completion of the sale, the insider owned 57,437 shares in the company, valued at approximately $6,030,885. This trade represents a 14.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Neela Montgomery sold 5,833 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the completion of the transaction, the director directly owned 12,781 shares of the company’s stock, valued at approximately $1,541,516.41. This represents a 31.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,733 shares of company stock worth $2,298,168. Insiders own 0.19% of the company’s stock.

Logitech International Trading Up 1.0%

Shares of Logitech International stock opened at $121.13 on Thursday. The stock has a market capitalization of $19.16 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 4.25 and a beta of 1.05. The firm’s 50-day moving average price is $112.04 and its two-hundred day moving average price is $98.08. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $123.01.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.22 by $0.23. The business had revenue of $1.19 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. Logitech International has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their price objective 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. BNP Paribas raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. Zacks Research raised shares of Logitech International from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Citigroup upgraded shares of Logitech International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $130.00 in a research report on Wednesday, October 15th. Finally, Wedbush increased their price target on shares of Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Logitech International has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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.