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

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction that occurred 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 sale, the insider now owns 7,348 shares in the company, valued at $709,816.80. This represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Trading Up 2.0 %

Shares of NASDAQ LOGI opened at $100.57 on Thursday. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The stock’s 50 day simple moving average is $86.61 and its 200 day simple moving average is $85.97.

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

Institutional Trading of Logitech International

Hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Logitech International in the fourth quarter worth about $27,000. Exane Asset Management bought a new stake in shares of Logitech International during the 4th quarter worth about $32,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after acquiring an additional 233 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Logitech International by 109.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock valued at $99,000 after acquiring an additional 631 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. increased its stake in shares of Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,153 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays upped their price target on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Logitech International has a consensus rating of “Hold” and a consensus target price of $97.13.

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.