Henry James International Management Inc. Sells 191 Shares of Logitech International S.A. (NASDAQ:LOGI)

Henry James International Management Inc. cut its stake in Logitech International S.A. (NASDAQ:LOGI) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,209 shares of the technology company’s stock after selling 191 shares during the quarter. Logitech International accounts for 2.0% of Henry James International Management Inc.’s holdings, making the stock its 14th biggest position. Henry James International Management Inc.’s holdings in Logitech International were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Logitech International during the fourth quarter valued at approximately $27,000. Exane Asset Management bought a new stake in shares of Logitech International in the 4th quarter valued at $32,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after buying an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. raised its stake in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after buying an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Logitech International during the third quarter worth about $105,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LOGI. Bank of America reaffirmed an “underperform” rating and set a $90.00 price target (down previously from $105.00) on shares of Logitech International in a research report on Friday. Barclays raised their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Citigroup upped their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, January 22nd. Finally, UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.88.

Logitech International Trading Down 2.2 %

Shares of LOGI stock opened at $98.94 on Friday. The firm’s fifty day moving average price is $93.20 and its two-hundred day moving average price is $87.73. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $105.65. The firm has a market capitalization of $15.65 billion, a P/E ratio of 23.23, a PEG ratio of 2.61 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. As a group, equities research analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

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.