First Trust Advisors LP Increases Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

First Trust Advisors LP raised its position in Logitech International S.A. (NASDAQ:LOGI – Get Rating) by 39.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 126,382 shares of the technology company’s stock after buying an additional 35,777 shares during the quarter. First Trust Advisors LP owned about 0.08% of Logitech International worth $7,851,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Glassman Wealth Services boosted its position in Logitech International by 408.7% during the fourth quarter. Glassman Wealth Services now owns 524 shares of the technology company’s stock worth $33,000 after purchasing an additional 421 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Logitech International in the 4th quarter valued at about $51,000. CWM LLC increased its holdings in shares of Logitech International by 59.0% during the 4th quarter. CWM LLC now owns 916 shares of the technology company’s stock worth $57,000 after buying an additional 340 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Logitech International by 14.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the technology company’s stock worth $86,000 after purchasing an additional 235 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Logitech International by 48.2% in the third quarter. Quadrant Capital Group LLC now owns 2,463 shares of the technology company’s stock worth $113,000 after buying an additional 801 shares during the period. Hedge funds and other institutional investors own 35.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LOGI shares. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $40.00 to $56.00 in a research report on Monday, May 1st. Loop Capital lifted their price objective on shares of Logitech International from $50.00 to $55.00 in a report on Thursday, January 26th. UBS Group cut shares of Logitech International from a “neutral” rating to a “sell” rating in a report on Wednesday, May 3rd. Credit Suisse Group lowered shares of Logitech International from an “outperform” rating to a “neutral” rating in a report on Monday, March 13th. Finally, Barclays increased their price objective on shares of Logitech International from $60.00 to $71.00 in a research note on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average target price of $64.67.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 2,500 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $56.36, for a total transaction of $140,900.00. Following the sale, the insider now owns 14,784 shares of the company’s stock, valued at $833,226.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.76% of the company’s stock.

Logitech International Trading Up 1.4 %

LOGI opened at $64.42 on Friday. The stock has a market cap of $10.54 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. The stock’s fifty day simple moving average is $59.17 and its 200 day simple moving average is $58.73. Logitech International S.A. has a 1-year low of $41.81 and a 1-year high of $68.17.

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.