International Assets Investment Management LLC Buys New Position in Logitech International S.A. (NASDAQ:LOGI)

International Assets Investment Management LLC purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 51,332 shares of the technology company's stock, valued at approximately $4,880,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of Logitech International by 65.6% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company's stock worth $40,000 after purchasing an additional 168 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Logitech International by 249.1% during the third quarter. Allworth Financial LP now owns 754 shares of the technology company's stock valued at $52,000 after acquiring an additional 538 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Logitech International during the third quarter valued at $200,000. Claro Advisors LLC acquired a new stake in shares of Logitech International during the fourth quarter valued at $201,000. Finally, Strengthening Families & Communities LLC boosted its stake in shares of Logitech International by 15.9% during the third quarter. Strengthening Families & Communities LLC now owns 2,995 shares of the technology company's stock valued at $206,000 after acquiring an additional 410 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Logitech International news, CFO Charles D. Boynton acquired 1,225 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $81.27 per share, with a total value of $99,555.75. Following the acquisition, the chief financial officer now directly owns 1,225 shares of the company's stock, valued at approximately $99,555.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of the company's stock in a transaction on 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 transaction, the chief operating officer now owns 61,056 shares of the company's stock, valued at $5,495,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles D. Boynton acquired 1,225 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $81.27 per share, with a total value of $99,555.75. Following the transaction, the chief financial officer now directly owns 1,225 shares in the company, valued at approximately $99,555.75. The disclosure for this purchase can be found here. Insiders sold 23,922 shares of company stock valued at $2,152,844 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LOGI shares. Barclays increased their price objective on Logitech International from $96.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Citigroup lifted their price target on Logitech International from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. Berenberg Bank assumed coverage on Logitech International in a research report on Thursday, March 14th. They set a "buy" rating and a $111.00 price target for the company. JPMorgan Chase & Co. downgraded Logitech International from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $92.00 to $85.00 in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Logitech International in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Logitech International currently has an average rating of "Hold" and a consensus target price of $91.00.

Logitech International Stock Up 0.5 %

Shares of NASDAQ:LOGI traded up $0.41 during trading on Thursday, hitting $84.80. 163,224 shares of the company traded hands, compared to its average volume of 472,146. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.56 and a beta of 0.78. The business's fifty day moving average is $86.05 and its 200-day moving average is $86.92. Logitech International S.A. has a one year low of $53.91 and a one year high of $96.66.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.34. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $956.85 million. On average, analysts forecast that Logitech International S.A. will post 3.81 EPS for the current year.

About Logitech International

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.