Atria Wealth Solutions Inc. Makes New Investment in Logitech International S.A. (NASDAQ:LOGI)

Atria Wealth Solutions Inc. acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,983 shares of the technology company’s stock, valued at approximately $246,000.

Other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Logitech International during the 4th quarter worth $27,000. Pictet North America Advisors SA raised its stake in shares of Logitech International by 8.0% during the 4th quarter. Pictet North America Advisors SA now owns 37,649 shares of the technology company’s stock worth $3,117,000 after purchasing an additional 2,774 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Logitech International by 34.2% during the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares during the period. Lester Murray Antman dba SimplyRich raised its stake in shares of Logitech International by 23.2% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 9,539 shares of the technology company’s stock worth $785,000 after purchasing an additional 1,797 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Logitech International by 41.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,105 shares of the technology company’s stock worth $667,000 after purchasing an additional 2,375 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $98.94 on Friday. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.61 and a beta of 0.78. The stock’s 50-day simple moving average is $93.20 and its two-hundred day simple moving average is $87.73. 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 posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 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, equities analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOGI has been the topic of a number of research reports. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Bank of America restated an “underperform” rating and issued a $90.00 price objective (down from $105.00) on shares of Logitech International in a research note on Friday. Barclays boosted their price objective on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $96.88.

Insider Activity 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 stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate 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.