Mackenzie Financial Corp Boosts Holdings in Logitech International S.A. (NASDAQ:LOGI)

Mackenzie Financial Corp raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 44.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,828 shares of the technology company’s stock after purchasing an additional 2,726 shares during the period. Mackenzie Financial Corp’s holdings in Logitech International were worth $836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOGI. Impact Partnership Wealth LLC purchased a new position in shares of Logitech International in the third quarter worth about $25,000. Blue Trust Inc. lifted 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 worth $40,000 after buying an additional 168 shares in the last quarter. Allworth Financial LP lifted 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 worth $52,000 after buying an additional 538 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Logitech International in the third quarter worth about $73,000. Finally, CWM LLC lifted its stake in shares of 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 buying an additional 163 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Logitech International

In related news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction that occurred on Monday, February 26th. The shares were 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 in the company, valued at $5,495,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction that occurred on Monday, February 26th. The shares were 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 in the company, valued at $5,495,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,572 shares of company stock worth $2,207,555. Corporate insiders own 0.15% of the company’s stock.

Logitech International Price Performance

Shares of LOGI opened at $78.72 on Friday. The stock has a market cap of $12.45 billion, a PE ratio of 25.73, a P/E/G ratio of 1.65 and a beta of 0.74. The firm has a 50-day simple moving average of $87.44 and a two-hundred day simple moving average of $86.22. Logitech International S.A. has a 1-year low of $53.91 and a 1-year high of $96.66.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.43. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. As a group, sell-side analysts expect that Logitech International S.A. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Wedbush reaffirmed a “neutral” rating and set a $92.00 target price on shares of Logitech International in a research note on Tuesday. Citigroup lifted their target price on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Finally, Berenberg Bank began coverage on shares of Logitech International in a research note on Thursday, March 14th. They set a “buy” rating and a $111.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.43.

Logitech International Company Profile

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.