Lester Murray Antman dba SimplyRich Purchases 1,797 Shares of Logitech International S.A. (NASDAQ:LOGI)

Lester Murray Antman dba SimplyRich lifted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 23.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,539 shares of the technology company’s stock after acquiring an additional 1,797 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Logitech International were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after purchasing an additional 1,967,133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Logitech International by 3.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after buying an additional 89,788 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after acquiring an additional 1,385,493 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Logitech International by 1.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after acquiring an additional 19,046 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Logitech International during the third quarter valued at about $15,891,000. 45.76% of the stock is owned by institutional investors.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company’s stock.

Logitech International Stock Down 0.7 %

LOGI opened at $99.85 on Wednesday. The business’s fifty day simple moving average is $88.10 and its 200 day simple moving average is $86.23. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The stock has a market cap of $15.79 billion, a PE ratio of 23.44, a P/E/G ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating 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 anticipate that Logitech International S.A. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on LOGI. JPMorgan Chase & Co. boosted their price target on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lifted their price target on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Eight 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 presently has an average rating of “Hold” and a consensus price target of $97.13.

About Logitech International

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.