Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,326 shares of the technology company’s stock after selling 425 shares during the period. Logan Capital Management Inc.’s holdings in Logitech International were worth $6,221,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, Director Guy Gecht purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. The trade was a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LOGI shares. Loop Capital decreased their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Barclays decreased their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of 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 upgraded Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Logitech International has a consensus rating of “Hold” and an average price target of $93.00.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded up $0.54 during trading on Friday, hitting $85.17. The company’s stock had a trading volume of 38,659 shares, compared to its average volume of 488,461. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The business has a 50 day moving average price of $82.66 and a two-hundred day moving average price of $88.44. The company has a market capitalization of $13.47 billion, a PE ratio of 18.85, a P/E/G ratio of 1.94 and a beta of 0.78.

Logitech International Profile

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.