Samantha Harnett Sells 300 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction dated Monday, February 3rd. The stock was 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 represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Stock Performance

Shares of NASDAQ:LOGI opened at $99.42 on Friday. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $102.59. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 3.00 and a beta of 0.78. The stock’s 50-day simple moving average is $87.01 and its two-hundred day simple moving average is $86.07.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on LOGI. Citigroup raised their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Loop Capital reduced their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Bank of America downgraded Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $114.00 to $92.00 in a report on Monday, December 16th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $97.13.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently modified their holdings of LOGI. Sierra Ocean LLC bought a new position in Logitech International in the 4th quarter worth $27,000. Exane Asset Management purchased a new stake in Logitech International in the fourth quarter worth about $32,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after buying an additional 233 shares during the period. Transamerica Financial Advisors Inc. raised its stake in shares of Logitech International by 115,300.0% in the third 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 purchased a new position in shares of Logitech International during the 3rd quarter valued at about $105,000. Institutional investors own 45.76% of the company’s stock.

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.