Sumitomo Mitsui Trust Holdings Inc. Has $44.62 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 469,494 shares of the technology company's stock after purchasing an additional 32,396 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of Logitech International worth $44,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LOGI. PNC Financial Services Group Inc. boosted its stake in Logitech International by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,018 shares of the technology company's stock valued at $223,000 after buying an additional 249 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Logitech International in the 1st quarter valued at $1,064,000. BlackRock Inc. boosted its stake in Logitech International by 19.2% in the 1st quarter. BlackRock Inc. now owns 578,107 shares of the technology company's stock valued at $42,652,000 after buying an additional 93,104 shares in the last quarter. Cibc World Market Inc. boosted its stake in Logitech International by 51.9% in the 1st quarter. Cibc World Market Inc. now owns 8,775 shares of the technology company's stock valued at $647,000 after buying an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Logitech International by 24.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 469,184 shares of the technology company's stock valued at $34,625,000 after buying an additional 91,536 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Price Performance

Shares of LOGI stock traded down $0.77 on Friday, reaching $77.31. 362,087 shares of the stock were exchanged, compared to its average volume of 386,789. The stock has a market cap of $12.23 billion, a PE ratio of 25.26, a P/E/G ratio of 1.63 and a beta of 0.74. Logitech International S.A. has a one year low of $53.91 and a one year high of $96.66. The stock has a 50 day moving average price of $87.87 and a 200 day moving average price of $86.05.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its earnings results on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.43. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. On average, research analysts expect that Logitech International S.A. will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on LOGI shares. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Logitech International in a research note on Tuesday. StockNews.com downgraded Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 14th. Citigroup lifted their price objective on Logitech International from $98.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, April 4th. Morgan Stanley reiterated an "underweight" rating and issued a $75.00 price objective (down previously from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Finally, 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. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $92.43.

Insider Transactions at Logitech International

In related news, COO Prakash Arunkundrum sold 699 shares of Logitech International stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total transaction of $62,910.00. Following the completion of the sale, the chief operating officer now directly owns 67,848 shares of the company's stock, valued at $6,106,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Prakash Arunkundrum sold 699 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $90.00, for a total transaction of $62,910.00. Following the completion of the transaction, the chief operating officer now directly owns 67,848 shares in the company, valued at $6,106,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Samantha Harnett sold 650 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the transaction, the insider now owns 11,910 shares of the company's stock, valued at $1,002,464.70. The disclosure for this sale can be found here. Insiders sold a total of 24,572 shares of company stock worth $2,207,555 over the last 90 days. 0.15% of the stock is owned by insiders.

Logitech International 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.