DekaBank Deutsche Girozentrale Has $35.41 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

DekaBank Deutsche Girozentrale trimmed its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 373,214 shares of the technology company's stock after selling 34,641 shares during the period. DekaBank Deutsche Girozentrale owned about 0.24% of Logitech International worth $35,410,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. acquired a new stake in Logitech International during the 4th quarter valued at $316,000. Capital Insight Partners LLC grew its holdings in shares of Logitech International by 2.7% during the fourth quarter. Capital Insight Partners LLC now owns 41,189 shares of the technology company's stock worth $3,915,000 after purchasing an additional 1,081 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Logitech International in the fourth quarter valued at $4,880,000. First Citizens Bank & Trust Co. raised its holdings in shares of Logitech International by 4.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company's stock valued at $627,000 after buying an additional 297 shares during the last quarter. Finally, Claro Advisors LLC acquired a new position in Logitech International during the 4th quarter worth about $201,000. 45.76% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $90.00, for a total value of $2,072,070.00. Following the sale, the chief operating officer now directly owns 61,056 shares in the company, valued at approximately $5,495,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Logitech International news, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the transaction, the insider now directly owns 11,910 shares in the company, valued at $1,002,464.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company's stock, valued at $5,495,040. The disclosure for this sale can be found here. Insiders sold a total of 24,472 shares of company stock valued at $2,198,737 in the last ninety days. 0.15% of the stock is owned by insiders.

Logitech International Price Performance

Shares of LOGI stock traded down $0.20 during trading hours on Friday, reaching $87.36. The company had a trading volume of 323,409 shares, compared to its average volume of 396,678. Logitech International S.A. has a 1-year low of $53.91 and a 1-year high of $96.66. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.80 and a beta of 0.74. The company has a 50 day moving average of $88.10 and a 200 day moving average of $85.16.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.43. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, sell-side analysts forecast that Logitech International S.A. will post 3.44 EPS for the current fiscal year.

Analyst Ratings Changes

LOGI has been the subject of several research reports. Berenberg Bank began coverage on shares of Logitech International in a research report on Thursday, March 14th. They issued a "buy" rating and a $111.00 price objective for the company. Citigroup raised their price target on shares of Logitech International from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com downgraded Logitech International from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 14th. Wedbush reiterated a "neutral" rating and issued a $92.00 price objective on shares of Logitech International in a research report on Monday, March 18th. Finally, Morgan Stanley boosted their target price on Logitech International from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $93.86.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.