Logitech International S.A. $LOGI Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in Logitech International S.A. (NASDAQ:LOGI) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,705 shares of the technology company’s stock after selling 41,703 shares during the quarter. Franklin Resources Inc.’s holdings in Logitech International were worth $25,058,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Sound Income Strategies LLC purchased a new position in Logitech International in the second quarter worth $27,000. Quarry LP purchased a new stake in shares of Logitech International during the 1st quarter worth $33,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Logitech International during the 1st quarter worth $64,000. SVB Wealth LLC acquired a new position in shares of Logitech International during the 1st quarter worth $82,000. Finally, Headlands Technologies LLC purchased a new position in shares of Logitech International in the 1st quarter valued at about $130,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Prakash Arunkundrum sold 5,000 shares of Logitech International stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total transaction of $555,150.00. Following the completion of the sale, the insider owned 62,437 shares in the company, valued at approximately $6,932,380.11. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Neela Montgomery sold 5,833 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $120.61, for a total transaction of $703,518.13. Following the completion of the transaction, the director directly owned 12,781 shares of the company’s stock, valued at $1,541,516.41. The trade was a 31.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 20,733 shares of company stock worth $2,298,168. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wedbush upped their target price on shares of Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. BNP Paribas Exane raised Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, August 5th. Barclays raised their price objective on Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, BNP Paribas raised Logitech International from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Logitech International Price Performance

Shares of Logitech International stock opened at $110.56 on Friday. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $123.01. The business has a 50 day moving average price of $112.63 and a 200 day moving average price of $100.53. The company has a market capitalization of $17.49 billion, a P/E ratio of 25.07, a P/E/G ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. Logitech International’s quarterly revenue was up 6.3% on a year-over-year basis. Logitech International has set its Q3 2026 guidance at EPS. As a group, research analysts expect that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

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.