Plato Investment Management Ltd Has $1.09 Million Holdings in Logitech International S.A. (NASDAQ:LOGI)

Plato Investment Management Ltd boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,060 shares of the technology company’s stock after buying an additional 921 shares during the period. Plato Investment Management Ltd’s holdings in Logitech International were worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Investment Management Corp of Ontario boosted its stake in Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 170 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in Logitech International by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after acquiring an additional 175 shares during the last quarter. US Bancorp DE boosted its stake in Logitech International by 2.5% in the third quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock valued at $709,000 after acquiring an additional 196 shares during the last quarter. Townsquare Capital LLC boosted its stake in Logitech International by 3.0% in the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company’s stock valued at $685,000 after acquiring an additional 225 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $53,000 after acquiring an additional 233 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Trading Down 1.4 %

LOGI opened at $97.54 on Tuesday. The stock has a market capitalization of $15.43 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $105.65. The firm’s fifty day simple moving average is $93.50 and its 200 day simple moving average is $87.79.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities research analysts predict that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Insider Activity at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on LOGI. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Bank of America reissued an “underperform” rating and set a $90.00 price target (down from $105.00) on shares of Logitech International in a research report on Friday. StockNews.com cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Monday. Barclays lifted their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.88.

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.