Ritholtz Wealth Management Sells 1,569 Shares of Logitech International S.A. (NASDAQ:LOGI)

Ritholtz Wealth Management cut its holdings in Logitech International S.A. (NASDAQ:LOGI) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,988 shares of the technology company’s stock after selling 1,569 shares during the quarter. Ritholtz Wealth Management’s holdings in Logitech International were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LOGI. Victory Capital Management Inc. purchased a new stake in Logitech International in the 2nd quarter worth approximately $358,000. Envestnet Asset Management Inc. lifted its stake in Logitech International by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 104,168 shares of the technology company’s stock worth $10,092,000 after acquiring an additional 10,317 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Logitech International by 5.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,997 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 673 shares during the period. Hsbc Holdings PLC boosted its holdings in Logitech International by 380.7% in the second quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock valued at $11,883,000 after acquiring an additional 97,353 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analyst Ratings Changes

LOGI has been the subject of several research analyst reports. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. Barclays lowered their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.88.

Insider Activity at Logitech International

In other news, Director Guy Gecht acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $81.12 per share, for a total transaction 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. The trade was a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Logitech International Trading Down 1.1 %

NASDAQ LOGI opened at $87.22 on Tuesday. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The stock’s fifty day moving average price is $82.83 and its 200-day moving average price is $85.71. The stock has a market cap of $13.79 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.70 and a beta of 0.77.

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.