Logitech International S.A. (NASDAQ:LOGI) Insider Sells $22,425.20 in Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $80.09, for a total transaction of $22,425.20. Following the completion of the transaction, the insider now directly owns 7,648 shares of the company’s stock, valued at approximately $612,528.32. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $79.25 on Thursday. The company’s fifty day moving average price is $83.60 and its 200-day moving average price is $89.09. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.86 and a beta of 0.81. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were paid a $1.3687 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19.

Institutional Investors Weigh In On Logitech International

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Logitech International by 6.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after purchasing an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in Logitech International by 5.8% in the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after buying an additional 128 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in Logitech International by 2.4% during the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after acquiring an additional 153 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Logitech International by 0.3% during the second quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after acquiring an additional 168 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in shares of Logitech International by 0.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LOGI. JPMorgan Chase & Co. cut their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Loop Capital cut their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $93.00.

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.