LGT Fund Management Co Ltd. Buys 354 Shares of Logitech International S.A. (NASDAQ:LOGI)

LGT Fund Management Co Ltd. increased its position in Logitech International S.A. (NASDAQ:LOGI) by 10.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,594 shares of the technology company’s stock after acquiring an additional 354 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Logitech International were worth $297,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in Logitech International in the fourth quarter worth about $27,000. Exane Asset Management bought a new position in Logitech International during the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after purchasing an additional 233 shares during the last quarter. Global Retirement Partners LLC grew its position in Logitech International by 109.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after purchasing an additional 631 shares during the period. Finally, Transamerica Financial Advisors Inc. lifted its holdings in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the transaction, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $97.54 on Tuesday. The company has a market cap of $15.43 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $105.65. The firm’s fifty day moving average is $93.50 and its two-hundred day moving average is $87.79.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) 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%. As a group, analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LOGI. Citigroup lifted their price target on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, January 22nd. Finally, Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.88.

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.