Daiwa Securities Group Inc. Grows Holdings in Logitech International S.A. (NASDAQ:LOGI)

Daiwa Securities Group Inc. grew its holdings in Logitech International S.A. (NASDAQ:LOGI) by 85.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,214 shares of the technology company’s stock after purchasing an additional 4,714 shares during the period. Daiwa Securities Group Inc.’s holdings in Logitech International were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC increased its stake in Logitech International by 16.9% in the third quarter. CWM LLC now owns 1,127 shares of the technology company’s stock worth $78,000 after purchasing an additional 163 shares during the period. Blue Trust Inc. increased its stake in Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after purchasing an additional 168 shares during the period. First Citizens Bank & Trust Co. increased its stake in Logitech International by 4.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock worth $627,000 after purchasing an additional 297 shares during the period. Impact Partnership Wealth LLC purchased a new stake in Logitech International in the third quarter worth $25,000. Finally, Balentine LLC increased its stake in Logitech International by 3.7% in the third quarter. Balentine LLC now owns 10,334 shares of the technology company’s stock worth $712,000 after purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insiders Place Their Bets

In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the transaction, the insider now directly owns 11,910 shares in the company, valued at $1,002,464.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the transaction, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LOGI shares. Barclays increased their price target on Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Citigroup increased their price target on Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Berenberg Bank started coverage on Logitech International in a research report on Thursday, March 14th. They set a “buy” rating and a $111.00 price target on the stock. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.43.

Logitech International Price Performance

Shares of LOGI stock opened at $79.41 on Thursday. Logitech International S.A. has a 1-year low of $53.91 and a 1-year high of $96.66. The stock’s 50-day moving average is $87.60 and its 200 day moving average is $86.27. The company has a market cap of $12.56 billion, a P/E ratio of 25.95, a PEG ratio of 1.64 and a beta of 0.74.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.43. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. On average, analysts anticipate that Logitech International S.A. will post 3.44 EPS for the current year.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.