Private Advisor Group LLC Purchases 1,962 Shares of Logitech International S.A. (NASDAQ:LOGI)

Private Advisor Group LLC lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 47.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,103 shares of the technology company’s stock after purchasing an additional 1,962 shares during the quarter. Private Advisor Group LLC’s holdings in Logitech International were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LOGI. Sierra Ocean LLC bought a new stake in Logitech International in the fourth quarter worth $27,000. Exane Asset Management purchased a new stake in Logitech International during the fourth quarter valued at $32,000. MassMutual Private Wealth & Trust FSB increased its position in Logitech International by 56.0% in the fourth 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 in the last quarter. Global Retirement Partners LLC increased its position in Logitech International by 109.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after buying an additional 631 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. grew its position in shares of 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 purchasing an additional 1,153 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LOGI shares. Citigroup increased their price target on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, Bank of America reissued an “underperform” rating and issued a $90.00 price objective (down previously from $105.00) on shares of Logitech International in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.88.

Logitech International Stock Performance

NASDAQ LOGI opened at $97.54 on Tuesday. The stock has a 50-day simple moving average of $93.50 and a two-hundred day simple moving average of $87.79. The firm has a market capitalization of $15.43 billion, a P/E ratio of 22.90, a PEG ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $105.65.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

Insider Transactions 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 transaction of $28,980.00. Following the sale, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

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.