Insider Selling: Logitech International S.A. (NASDAQ:LOGI) Insider Sells 300 Shares of Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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

Shares of NASDAQ:LOGI traded up $2.01 during midday trading on Wednesday, reaching $100.57. The company’s stock had a trading volume of 835,214 shares, compared to its average volume of 934,309. The business’s fifty day simple moving average is $86.18 and its 200-day simple moving average is $85.87. The company has a market capitalization of $15.91 billion, a P/E ratio of 23.61, a P/E/G ratio of 3.00 and a beta of 0.78. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating 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%. On average, analysts forecast that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Institutional Trading of Logitech International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after acquiring an additional 1,967,133 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Logitech International by 34.2% in the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock valued at $402,802,000 after buying an additional 1,240,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after buying an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Logitech International by 1.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after buying an additional 19,046 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOGI has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Finally, Loop Capital decreased their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.