1,165 Shares in Logitech International S.A. (NASDAQ:LOGI) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,165 shares of the technology company’s stock, valued at approximately $105,000.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Logitech International by 7.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares during the last quarter. Barclays PLC lifted its stake in Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after buying an additional 1,967,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Logitech International by 3.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after buying an additional 89,788 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Logitech International by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after buying an additional 120,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Logitech International by 1.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock valued at $98,348,000 after acquiring an additional 19,046 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

LOGI has been the topic of several recent analyst reports. StockNews.com lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday. Loop Capital reduced their price target 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. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their target price on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Logitech International currently has an average rating of “Hold” and an average price target of $92.88.

Logitech International Price Performance

Shares of Logitech International stock opened at $81.77 on Friday. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78. The stock’s 50-day moving average is $82.37 and its 200-day moving average is $87.95. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

Insider Buying and Selling at Logitech International

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Logitech International Company 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.