Logitech International S.A. $LOGI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Logitech International S.A. (NASDAQ:LOGI) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,778 shares of the technology company’s stock after selling 5,369 shares during the quarter. Bank of New York Mellon Corp’s holdings in Logitech International were worth $31,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOGI. Assenagon Asset Management S.A. lifted its holdings in shares of Logitech International by 91.9% in 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 buying an additional 815,280 shares during the period. Nuveen LLC acquired a new position in Logitech International during the first quarter worth $35,925,000. Banque Cantonale Vaudoise purchased a new position in Logitech International in the first quarter worth $29,319,000. GAM Holding AG acquired a new stake in Logitech International in the second quarter valued at $15,782,000. Finally, Deutsche Bank AG boosted its position in shares of Logitech International by 13.5% during the 1st quarter. Deutsche Bank AG now owns 1,449,739 shares of the technology company’s stock worth $122,372,000 after purchasing an additional 172,320 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Transactions at Logitech International

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

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Zacks Research upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BNP Paribas raised Logitech International from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from $100.00 to $109.00 in a research note on Tuesday, August 5th. Finally, Wedbush raised their price objective on Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Logitech International currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Logitech International Price Performance

Shares of Logitech International stock opened at $118.59 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 $112.28 and a 200 day moving average price of $98.23. The company has a market capitalization of $18.76 billion, a P/E ratio of 26.89, a P/E/G ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.23. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $1.20 earnings per share. Logitech International’s revenue was up 6.3% compared to the same quarter last year. 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 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.