Ontario Teachers Pension Plan Board Lowers Position in Logitech International S.A. $LOGI

Ontario Teachers Pension Plan Board decreased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 7.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 157,370 shares of the technology company’s stock after selling 11,762 shares during the period. Logitech International comprises about 0.3% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 27th largest holding. Ontario Teachers Pension Plan Board’s holdings in Logitech International were worth $14,175,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Logitech International by 8.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company’s stock worth $9,261,000 after acquiring an additional 8,971 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Logitech International during the 1st quarter valued at about $534,000. Assetmark Inc. boosted its stake in Logitech International by 6.9% during the second quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock worth $5,081,000 after acquiring an additional 3,640 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Logitech International by 7.6% in the second quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock worth $254,000 after purchasing an additional 200 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Logitech International by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company’s stock valued at $543,347,000 after purchasing an additional 66,175 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Trading Down 0.5%

Logitech International stock opened at $118.02 on Friday. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $123.01. The stock has a fifty day simple moving average of $112.50 and a two-hundred day simple moving average of $98.64. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.22 by $0.23. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted $1.20 earnings per share. Logitech International’s revenue was up 6.3% compared to the same quarter last year. Logitech International has set its Q3 2026 guidance at EPS. On average, equities research analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Insider Transactions at Logitech International

In other news, insider Prakash Arunkundrum sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total transaction of $555,150.00. Following the completion of the transaction, the insider directly owned 62,437 shares of the company’s stock, valued at $6,932,380.11. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neela Montgomery sold 5,833 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 12,781 shares in the company, valued at $1,541,516.41. This represents a 31.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 20,733 shares of company stock worth $2,298,168. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

LOGI has been the topic of a number of analyst reports. Wall Street Zen raised Logitech International from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th. Citigroup raised Logitech International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $130.00 in a research note on Wednesday, October 15th. Zacks Research upgraded Logitech International from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Barclays lifted their price target on Logitech International from $107.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.