Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 64.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,095 shares of the technology company’s stock after selling 3,738 shares during the quarter. Blue Trust Inc.’s holdings in Logitech International were worth $173,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Rosenberg Matthew Hamilton increased its holdings in Logitech International by 5.8% in the third 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. Investment Management Corp of Ontario grew its holdings in shares of Logitech International by 0.4% during the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock valued at $3,629,000 after purchasing an additional 170 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in Logitech International by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock worth $1,231,000 after buying an additional 175 shares in the last quarter. US Bancorp DE grew its holdings in Logitech International by 2.5% in the 3rd quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock worth $709,000 after buying an additional 196 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in Logitech International by 3.0% in the 3rd quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company’s stock worth $685,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction that occurred 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 in the company, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $103.27 on Friday. The company has a market cap of $16.33 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.65 and a beta of 0.78. The stock’s 50-day moving average is $90.77 and its 200-day moving average is $87.00. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $105.65.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LOGI. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Loop Capital decreased their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Finally, Barclays increased their price objective on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.13.

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.