SG Americas Securities LLC Has $1.27 Million Holdings in Logitech International S.A. (NASDAQ:LOGI)

SG Americas Securities LLC decreased its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,360 shares of the technology company’s stock after selling 2,475 shares during the quarter. SG Americas Securities LLC’s holdings in Logitech International were worth $1,265,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LOGI. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after buying an additional 233 shares during the last quarter. Transamerica Financial Advisors Inc. raised its holdings in Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,153 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Logitech International during the third quarter valued at approximately $105,000. CWM LLC grew its stake in Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after purchasing an additional 362 shares in the last quarter. Finally, Syquant Capital Sas increased its position in shares of Logitech International by 18.0% during the 3rd quarter. Syquant Capital Sas now owns 2,245 shares of the technology company’s stock worth $201,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Trading Up 0.9 %

Logitech International stock opened at $92.00 on Tuesday. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.74 and a beta of 0.77. The stock’s 50 day moving average is $84.11 and its 200-day moving average is $85.62. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59.

Analysts Set New Price Targets

LOGI has been the subject of several recent analyst reports. Loop Capital cut their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.75.

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.