Legal & General Group Plc Cuts Stake in Logitech International S.A. $LOGI

Legal & General Group Plc trimmed its position in Logitech International S.A. (NASDAQ:LOGI) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,228,540 shares of the technology company’s stock after selling 199,048 shares during the period. Legal & General Group Plc’s holdings in Logitech International were worth $110,263,000 at the end of the most recent reporting period.

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

Logitech International Price Performance

Logitech International stock opened at $112.10 on Tuesday. The firm has a 50 day simple moving average of $112.67 and a 200-day simple moving average of $100.17. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 4.25 and a beta of 1.05. 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 released its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.22 by $0.23. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Logitech International had a net margin of 14.11% and a return on equity of 32.01%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. Logitech International has set its Q3 2026 guidance at EPS. Equities analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Logitech International

In related news, Director Neela Montgomery sold 5,833 shares of the business’s 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 in the company, valued at approximately $1,541,516.41. The trade was a 31.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the insider directly owned 57,437 shares in the company, valued at $6,030,885. The trade was a 14.70% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 20,733 shares of company stock worth $2,298,168. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. BNP Paribas raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and raised their target price for the stock from $100.00 to $109.00 in a research note on Tuesday, August 5th. Barclays upped their price target on Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Zacks Research upgraded Logitech International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two investment 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. Based on data from MarketBeat.com, Logitech International has a consensus rating of “Moderate Buy” and an average target price of $106.00.

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.