Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in Logitech International S.A. (NASDAQ:LOGI) by 23.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 470,454 shares of the technology company’s stock after selling 144,778 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Logitech International were worth $38,955,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LOGI. EverSource Wealth Advisors LLC lifted its stake in shares of Logitech International by 16.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company’s stock worth $123,000 after buying an additional 213 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Logitech International by 21.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,776 shares of the technology company’s stock worth $229,000 after buying an additional 484 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Logitech International by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company’s stock worth $215,127,000 after buying an additional 146,338 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Logitech International by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company’s stock worth $458,000 after buying an additional 127 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Logitech International by 700.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 748,580 shares of the technology company’s stock worth $61,978,000 after buying an additional 655,025 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the transaction, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOGI. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Citigroup lifted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America reissued an “underperform” rating and set a $90.00 target price (down previously from $105.00) on shares of Logitech International in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus target price of $101.50.

Logitech International Stock Performance

LOGI opened at $92.19 on Wednesday. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $105.65. The company has a fifty day moving average of $95.01 and a two-hundred day moving average of $87.96. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.61 and a beta of 0.73.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities research analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International declared that its board has authorized a share repurchase plan on Wednesday, March 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the technology company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.