Park Avenue Securities LLC Has $1.82 Million Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Park Avenue Securities LLC increased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,117 shares of the technology company’s stock after acquiring an additional 1,666 shares during the period. Park Avenue Securities LLC’s holdings in Logitech International were worth $1,821,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC lifted its stake in Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after acquiring an additional 1,967,133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after acquiring an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Logitech International by 2,315.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after acquiring an additional 1,385,493 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Logitech International by 1.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after acquiring an additional 19,046 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Logitech International by 57.3% in the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock worth $43,615,000 after acquiring an additional 164,307 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOGI. JPMorgan Chase & Co. reduced their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Barclays cut their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Loop Capital cut their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given 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 price target of $92.88.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $87.22 on Friday. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 2.70 and a beta of 0.77. The business’s 50-day simple moving average is $82.66 and its 200-day simple moving average is $85.83. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59.

Insider Activity

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

Logitech International Company 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.