Harvest Fund Management Co. Ltd Takes $104,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Harvest Fund Management Co. Ltd bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,092 shares of the technology company’s stock, valued at approximately $104,000.

Several other institutional investors have also bought and sold shares of the stock. Impact Partnership Wealth LLC acquired a new stake in shares of Logitech International in the third quarter valued at $25,000. Blue Trust Inc. lifted its holdings in 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 buying an additional 168 shares in the last quarter. Allworth Financial LP boosted its position in Logitech International by 249.1% in the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after buying an additional 538 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Logitech International in the 3rd quarter valued at $73,000. Finally, CWM LLC raised its position in shares of Logitech International by 16.9% during the third quarter. CWM LLC now owns 1,127 shares of the technology company’s stock worth $78,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Activity at Logitech International

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $92.00 price objective on shares of Logitech International in a research report on Tuesday. Barclays upped their price objective on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Citigroup increased their price target on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.43.

Logitech International Stock Down 0.9 %

NASDAQ LOGI opened at $78.72 on Friday. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66. The firm’s 50 day moving average is $87.44 and its 200-day moving average is $86.22. The company has a market capitalization of $12.45 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.66 and a beta of 0.74.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.00 by $0.43. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, sell-side analysts expect that Logitech International S.A. will post 3.44 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.