Teachers Retirement System of The State of Kentucky Sells 4,100 Shares of Logitech International S.A. (NASDAQ:LOGI)

Teachers Retirement System of The State of Kentucky reduced its position in Logitech International S.A. (NASDAQ:LOGI) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,070 shares of the technology company’s stock after selling 4,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Logitech International were worth $3,326,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LOGI. Sequoia Financial Advisors LLC purchased a new position in shares of Logitech International in the 2nd quarter worth $217,000. Envestnet Portfolio Solutions Inc. bought a new stake in Logitech International during the second quarter worth approximately $226,000. Blue Trust Inc. raised its position in Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,385 shares during the period. First Citizens Bank & Trust Co. raised its position in Logitech International by 2.4% during the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after purchasing an additional 153 shares during the period. Finally, Capital Insight Partners LLC lifted its stake in shares of Logitech International by 0.8% in the 2nd quarter. Capital Insight Partners LLC now owns 45,253 shares of the technology company’s stock valued at $4,384,000 after purchasing an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Trading Down 0.3 %

LOGI opened at $84.39 on Friday. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.94 and a beta of 0.78. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The business’s fifty day simple moving average is $82.63 and its 200-day simple moving average is $88.31.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays cut their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.00.

Insider Buying and Selling

In other Logitech International news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This represents a 15.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by 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.