Jefferies Financial Group Inc. Acquires New Position in Logitech International S.A. $LOGI

Jefferies Financial Group Inc. acquired a new stake in Logitech International S.A. (NASDAQ:LOGI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 49,769 shares of the technology company’s stock, valued at approximately $4,481,000.

A number of other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of Logitech International in the second quarter worth $27,000. Quarry LP acquired a new position in Logitech International in the 1st quarter worth about $33,000. Caitong International Asset Management Co. Ltd acquired a new position in Logitech International in the 1st quarter worth about $64,000. SVB Wealth LLC purchased a new stake in shares of Logitech International during the 1st quarter worth about $82,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Logitech International during the 1st quarter valued at about $130,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LOGI. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th. 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 note on Wednesday, October 22nd. Morgan Stanley lifted their price objective on shares of Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and raised their target price for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Logitech International currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Logitech International Price Performance

Logitech International stock opened at $112.10 on Tuesday. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $123.01. The firm has a fifty day moving average price of $112.67 and a two-hundred day moving average price of $100.17. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Logitech International has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Prakash Arunkundrum sold 9,900 shares of the company’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neela Montgomery sold 5,833 shares of the firm’s stock in a transaction 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 approximately $1,541,516.41. The trade was a 31.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 20,733 shares of company stock valued at $2,298,168. Corporate insiders own 0.19% of the company’s stock.

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.