10,887 Shares in Logitech International S.A. $LOGI Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new position in Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, Holdings Channel reports. The institutional investor bought 10,887 shares of the technology company’s stock, valued at approximately $1,091,000.

A number of other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after buying an additional 107 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Logitech International by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock worth $207,000 after buying an additional 107 shares during the last quarter. Pathstone Holdings LLC lifted its position in Logitech International by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock worth $1,812,000 after buying an additional 120 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Logitech International by 1.1% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock worth $1,249,000 after buying an additional 122 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Logitech International by 2.0% in the 4th quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock worth $618,000 after buying an additional 122 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of LOGI stock opened at $99.49 on Monday. Logitech International S.A. has a fifty-two week low of $76.52 and a fifty-two week high of $123.01. The stock has a 50 day moving average price of $93.26 and a two-hundred day moving average price of $100.85. The company has a market capitalization of $14.58 billion, a P/E ratio of 20.81, a PEG ratio of 3.53 and a beta of 1.07.

Analyst Upgrades and Downgrades

LOGI has been the subject of a number of recent research reports. Morgan Stanley restated an “underweight” rating and issued a $89.00 target price (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. BNP Paribas Exane downgraded Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 target price for the company. in a research report on Thursday, January 8th. Wedbush restated an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research report on Tuesday, January 20th. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Finally, Citigroup dropped their target price on Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $106.29.

Logitech International Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.