Samantha Harnett Sells 300 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Samantha Harnett also recently made the following trade(s):

• On Wednesday, November 27th, Samantha Harnett sold 280 shares of Logitech International stock. The stock was sold at an average price of $80.09, for a total transaction of $22,425.20.

Logitech International Price Performance

LOGI traded up $2.01 during trading on Wednesday, reaching $100.57. The company had a trading volume of 835,214 shares, compared to its average volume of 934,309. The company has a market cap of $15.91 billion, a P/E ratio of 23.61, a PEG ratio of 3.00 and a beta of 0.78. The business’s fifty day moving average price is $86.18 and its 200 day moving average price is $85.87. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. As a group, sell-side analysts predict that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Logitech International

Several hedge funds have recently modified their holdings of LOGI. AQR Capital Management LLC acquired a new position in shares of Logitech International during the 2nd quarter valued at $235,000. Cetera Investment Advisers lifted its stake in Logitech International by 14.1% during the 2nd quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 1,717 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Logitech International by 2.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 31,354 shares of the technology company’s stock worth $2,813,000 after acquiring an additional 614 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Logitech International by 2.8% in the 3rd quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company’s stock worth $638,000 after acquiring an additional 196 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Logitech International by 21.3% during the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on LOGI shares. Barclays raised their price target on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Loop Capital cut their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.13.

About Logitech International

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.