Charles Schwab Investment Management Inc. Has $1.46 Million Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Charles Schwab Investment Management Inc. boosted its stake in Logitech International S.A. (NASDAQ:LOGI) by 8.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,211 shares of the technology company’s stock after purchasing an additional 1,206 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Logitech International were worth $1,455,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Logitech International by 6.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after purchasing an additional 128 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock valued at $210,000 after buying an additional 128 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in Logitech International by 2.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after purchasing an additional 153 shares during the period. Public Sector Pension Investment Board boosted its holdings in Logitech International by 0.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock valued at $6,331,000 after purchasing an additional 168 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Logitech International by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after acquiring an additional 194 shares during the period. Institutional investors own 45.76% of the company’s stock.

Insider Activity at Logitech International

In other news, Director Guy Gecht purchased 2,500 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LOGI shares. Barclays reduced their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Loop Capital lowered their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.88.

Logitech International Trading Down 2.3 %

Shares of NASDAQ LOGI opened at $82.41 on Tuesday. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The stock has a fifty day simple moving average of $82.57 and a two-hundred day simple moving average of $88.15.

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.