Kapitalo Investimentos Ltda Acquires Shares of 4,133 Logitech International S.A. (NASDAQ:LOGI)

Kapitalo Investimentos Ltda acquired a new stake in Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,133 shares of the technology company’s stock, valued at approximately $393,000.

Several other hedge funds also recently bought and sold shares of LOGI. Pathstone Family Office LLC grew its position in Logitech International by 14.0% in the 3rd quarter. Pathstone Family Office LLC now owns 7,202 shares of the technology company’s stock valued at $497,000 after acquiring an additional 886 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Logitech International by 14.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,348 shares of the technology company’s stock worth $438,000 after buying an additional 807 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Logitech International during the 3rd quarter worth $1,512,000. FMR LLC grew its position in shares of Logitech International by 10.7% during the 3rd quarter. FMR LLC now owns 49,033 shares of the technology company’s stock worth $3,390,000 after buying an additional 4,721 shares in the last quarter. Finally, Qtron Investments LLC bought a new position in shares of Logitech International during the 3rd quarter worth $585,000. Institutional investors own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other news, CFO Charles D. Boynton bought 1,225 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now directly owns 1,225 shares of the company’s stock, valued at approximately $99,555.75. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. 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 on the stock. JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $85.00 in a research report on Wednesday, May 1st. Morgan Stanley reaffirmed an “underweight” rating and set a $75.00 price objective (down previously from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $91.00.

Logitech International Stock Performance

Logitech International stock opened at $99.05 on Wednesday. The stock has a 50-day moving average of $89.39 and a two-hundred day moving average of $89.74. Logitech International S.A. has a one year low of $53.91 and a one year high of $102.59. The stock has a market cap of $15.66 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.06 and a beta of 0.82.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. Logitech International had a return on equity of 27.46% and a net margin of 14.24%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. As a group, sell-side analysts predict that Logitech International S.A. will post 3.85 EPS for the current fiscal year.

About Logitech International

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.