Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 39,570 shares of the technology company’s stock after purchasing an additional 2,500 shares during the quarter. Todd Asset Management LLC’s holdings in Logitech International were worth $3,259,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LOGI. Barclays PLC raised its holdings in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares during the period. Vontobel Holding Ltd. increased its position in Logitech International by 34.2% during the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Logitech International by 3.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after purchasing an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after buying an additional 1,385,493 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Logitech International by 1.8% during the third 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 buying an additional 19,046 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Barclays upped their target price on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.13.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $104.42 on Wednesday. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $105.65. The stock’s 50-day simple moving average is $91.99 and its 200-day simple moving average is $87.43.

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 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%. As a group, research analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm’s 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 completion of the transaction, the insider now directly owns 7,348 shares of the company’s stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

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.