Stock Traders Purchase High Volume of Logitech International Put Options (NASDAQ:LOGI)

Logitech International S.A. (NASDAQ:LOGI) saw some unusual options trading on Monday. Traders acquired 2,566 put options on the stock. This is an increase of approximately 284% compared to the average volume of 669 put options.

Insiders Place Their Bets

In related news, Director Neela Montgomery sold 5,833 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $120.61, for a total value of $703,518.13. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Prakash Arunkundrum sold 9,900 shares of Logitech International stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider owned 57,437 shares of the company’s stock, valued at approximately $6,030,885. The trade was a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 20,733 shares of company stock valued at $2,298,168. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Several institutional investors and hedge funds have recently bought and sold shares of LOGI. Clark Capital Management Group Inc. grew its stake in shares of Logitech International by 1.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 379,223 shares of the technology company’s stock valued at $41,593,000 after buying an additional 3,620 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Logitech International by 426.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 28,994 shares of the technology company’s stock valued at $3,180,000 after acquiring an additional 23,491 shares during the last quarter. Creative Planning grew its position in Logitech International by 23.7% during the third quarter. Creative Planning now owns 38,446 shares of the technology company’s stock valued at $4,217,000 after acquiring an additional 7,360 shares during the period. Lazard Asset Management LLC acquired a new stake in Logitech International during the third quarter worth about $5,638,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Logitech International in the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup raised shares of Logitech International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $130.00 in a research note on Wednesday, October 15th. Zacks Research raised Logitech International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. BNP Paribas Exane raised Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research note on Tuesday, August 5th. Finally, Morgan Stanley lifted their price objective on Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Logitech International presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Logitech International Stock Performance

Logitech International stock traded down $4.32 during trading on Monday, hitting $113.70. The company’s stock had a trading volume of 439,121 shares, compared to its average volume of 679,816. The stock’s fifty day moving average is $112.50 and its 200 day moving average is $98.81. Logitech International has a 1-year low of $64.73 and a 1-year high of $123.01. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 4.25 and a beta of 1.05.

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. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Logitech International has set its Q3 2026 guidance at EPS. On average, research analysts anticipate that Logitech International will post 4.21 EPS for the current fiscal year.

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.