International Assets Investment Management LLC Invests $4.88 Million in Logitech International S.A. (NASDAQ:LOGI)

International Assets Investment Management LLC bought a new stake in Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 51,332 shares of the technology company’s stock, valued at approximately $4,880,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after buying an additional 168 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in Logitech International by 4.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock valued at $627,000 after acquiring an additional 297 shares in the last quarter. Balentine LLC increased its stake in Logitech International by 3.7% during 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. Strengthening Families & Communities LLC lifted its position in shares of Logitech International by 15.9% during the third quarter. Strengthening Families & Communities LLC now owns 2,995 shares of the technology company’s stock worth $206,000 after purchasing an additional 410 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Logitech International by 249.1% in the third quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after purchasing an additional 538 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Up 0.0 %

Shares of LOGI opened at $84.39 on Thursday. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78. Logitech International S.A. has a 52-week low of $53.91 and a 52-week high of $96.66. The stock has a 50 day moving average price of $86.05 and a 200 day moving average price of $86.92.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. On average, equities analysts anticipate that Logitech International S.A. will post 3.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Charles D. Boynton acquired 1,225 shares of Logitech International stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $81.27 per share, for a total transaction of $99,555.75. Following the completion of the purchase, the chief financial officer now owns 1,225 shares in the company, valued at $99,555.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Logitech International news, CFO Charles D. Boynton bought 1,225 shares of Logitech International stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now owns 1,225 shares of the company’s stock, valued at $99,555.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Prakash Arunkundrum sold 699 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $90.00, for a total value of $62,910.00. Following the completion of the transaction, the chief operating officer now directly owns 67,848 shares in the company, valued at approximately $6,106,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,922 shares of company stock valued at $2,152,844. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOGI shares. Morgan Stanley reaffirmed an “underweight” rating and set a $75.00 target price (down from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Barclays increased their price objective on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Berenberg Bank initiated coverage on Logitech International in a research note on Thursday, March 14th. They set a “buy” rating and a $111.00 target price for the company. Wedbush reaffirmed a “neutral” rating and issued a $92.00 price target on shares of Logitech International in a research report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.00.

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.