Logitech International S.A. (NASDAQ:LOGI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of Logitech International S.A. (NASDAQ:LOGIGet Rating) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,457 shares of the technology company’s stock after selling 11,612 shares during the quarter. SG Americas Securities LLC’s holdings in Logitech International were worth $987,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in LOGI. Invesco Ltd. boosted its position in shares of Logitech International by 24.0% during the 1st quarter. Invesco Ltd. now owns 2,409,946 shares of the technology company’s stock worth $177,807,000 after acquiring an additional 466,632 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Logitech International by 72.8% during the 2nd quarter. Renaissance Technologies LLC now owns 996,969 shares of the technology company’s stock worth $51,902,000 after acquiring an additional 420,006 shares in the last quarter. Millennium Management LLC boosted its position in shares of Logitech International by 1,896.9% during the 2nd quarter. Millennium Management LLC now owns 316,689 shares of the technology company’s stock worth $16,487,000 after acquiring an additional 300,830 shares in the last quarter. Banque Pictet & Cie SA boosted its position in shares of Logitech International by 92.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 498,441 shares of the technology company’s stock worth $25,965,000 after acquiring an additional 238,812 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Logitech International by 81.7% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 445,262 shares of the technology company’s stock worth $23,194,000 after acquiring an additional 200,162 shares in the last quarter. 35.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOGI has been the subject of several analyst reports. TheStreet raised Logitech International from a “c+” rating to a “b-” rating in a research report on Thursday, December 8th. Wedbush downgraded Logitech International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $60.00 in a report on Thursday, January 12th. Exane BNP Paribas downgraded Logitech International from a “neutral” rating to an “underperform” rating in a report on Monday, October 3rd. StockNews.com started coverage on Logitech International in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, BNP Paribas downgraded Logitech International to an “underperform” rating in a report on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $70.45.

Logitech International Stock Up 1.7 %

LOGI opened at $55.78 on Thursday. The business has a 50 day moving average price of $60.62 and a two-hundred day moving average price of $54.40. The company has a market cap of $9.13 billion, a PE ratio of 18.66, a P/E/G ratio of 4.24 and a beta of 1.00. Logitech International S.A. has a 52 week low of $41.81 and a 52 week high of $83.48.

Logitech International (NASDAQ:LOGIGet Rating) last issued its earnings results on Monday, October 24th. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.21 billion. Logitech International had a return on equity of 25.00% and a net margin of 9.69%. As a group, sell-side analysts expect that Logitech International S.A. will post 3.05 EPS for the current fiscal year.

Insider Transactions at Logitech International

In other news, insider Prakash Arunkundrum sold 5,831 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $65.04, for a total transaction of $379,248.24. Following the completion of the transaction, the insider now directly owns 63,000 shares of the company’s stock, valued at approximately $4,097,520. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.76% of the company’s stock.

About Logitech International

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Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, schools, healthcare, and software and apps.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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