Kestra Private Wealth Services LLC Boosts Stake in Logitech International S.A. (NASDAQ:LOGI)

Kestra Private Wealth Services LLC boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 41.4% in the 4th quarter, HoldingsChannel reports. The fund owned 8,105 shares of the technology company’s stock after acquiring an additional 2,375 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Logitech International were worth $667,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in shares of Logitech International in the second quarter valued at about $235,000. CWM LLC boosted its stake in shares of Logitech International by 21.3% during the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after acquiring an additional 362 shares in the last quarter. Creative Planning grew its holdings in shares of Logitech International by 10.7% in the 3rd quarter. Creative Planning now owns 31,667 shares of the technology company’s stock worth $2,841,000 after acquiring an additional 3,056 shares during the period. NatWest Group plc increased its stake in Logitech International by 8.8% in the 3rd quarter. NatWest Group plc now owns 62,052 shares of the technology company’s stock valued at $5,568,000 after purchasing an additional 5,042 shares in the last quarter. Finally, Claro Advisors LLC raised its holdings in Logitech International by 23.0% during the third quarter. Claro Advisors LLC now owns 2,783 shares of the technology company’s stock worth $250,000 after purchasing an additional 521 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LOGI shares. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $114.00 to $92.00 in a report on Monday, December 16th. Finally, Citigroup upped their price objective on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.13.

Insiders Place Their Bets

In related news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The shares were 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 approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Logitech International Trading Up 1.7 %

NASDAQ LOGI opened at $105.06 on Friday. The company has a market capitalization of $16.62 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $105.65. The business’s 50-day moving average price is $89.21 and its 200 day moving average price is $86.57.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. Equities analysts predict that Logitech International S.A. will post 4.18 EPS for the current year.

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.