Janney Montgomery Scott LLC Decreases Stock Holdings in Logitech International S.A. $LOGI

Janney Montgomery Scott LLC trimmed its position in Logitech International S.A. (NASDAQ:LOGI) by 97.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,777 shares of the technology company’s stock after selling 164,841 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Logitech International were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Logitech International in the second quarter worth $27,000. Ballentine Partners LLC purchased a new position in Logitech International during the 2nd quarter valued at $210,000. Assenagon Asset Management S.A. increased its position in Logitech International by 91.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after purchasing an additional 815,280 shares during the period. Fulton Bank N.A. increased its position in Logitech International by 1.5% during the 2nd quarter. Fulton Bank N.A. now owns 7,000 shares of the technology company’s stock valued at $631,000 after purchasing an additional 106 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new position in Logitech International during the 2nd quarter valued at $431,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BNP Paribas Exane raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Logitech International from $80.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Wedbush boosted their price objective on shares of Logitech International from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Barclays boosted their price objective on shares of Logitech International from $92.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

Insider Transactions at Logitech International

In related news, insider Prakash Arunkundrum sold 9,900 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $105.00, for a total value of $1,039,500.00. Following the transaction, the insider owned 57,437 shares in the company, valued at $6,030,885. The trade was a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

Logitech International Stock Performance

Shares of LOGI stock opened at $109.64 on Monday. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $114.94. The company’s fifty day moving average price is $106.37 and its 200-day moving average price is $92.43.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the business posted $1.13 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Logitech International has set its Q2 2026 guidance at EPS. As a group, research analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

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.