406 Shares in Logitech International S.A. (NASDAQ:LOGI) Acquired by Exane Asset Management

Exane Asset Management purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 406 shares of the technology company’s stock, valued at approximately $32,000. Logitech International makes up about 0.0% of Exane Asset Management’s portfolio, making the stock its 25th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its position in Logitech International by 4,876.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares during the period. SpiderRock Advisors LLC purchased a new position in shares of Logitech International in the third quarter worth about $1,431,000. Assetmark Inc. lifted its stake in shares of Logitech International by 6,766.2% in the 3rd quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock valued at $4,418,000 after acquiring an additional 48,514 shares during the last quarter. Summit Global Investments purchased a new stake in Logitech International during the 3rd quarter valued at about $1,299,000. Finally, Strengthening Families & Communities LLC grew its position in Logitech International by 9.2% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock worth $404,000 after acquiring an additional 378 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LOGI shares. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Barclays upped 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. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $97.13.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $98.63 on Friday. The stock has a 50 day moving average price of $87.37 and a 200-day moving average price of $86.11. The firm has a market capitalization of $15.60 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.00 and a beta of 0.78. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $102.59.

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

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the transaction, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.