International Assets Investment Management LLC Buys New Shares in Logitech International S.A. (NASDAQ:LOGI)

International Assets Investment Management LLC bought a new stake in Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, HoldingsChannel reports. The fund bought 51,332 shares of the technology company’s stock, valued at approximately $4,880,000.

A number of other institutional investors have also recently bought and sold shares of the stock. CWM LLC grew its stake in Logitech International by 16.9% during the third quarter. CWM LLC now owns 1,127 shares of the technology company’s stock worth $78,000 after buying an additional 163 shares during the period. Blue Trust Inc. grew its stake in Logitech International by 65.6% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after buying an additional 168 shares during the period. Wetherby Asset Management Inc. grew its stake in Logitech International by 2.8% during the first quarter. Wetherby Asset Management Inc. now owns 7,548 shares of the technology company’s stock worth $438,000 after buying an additional 203 shares during the period. PNC Financial Services Group Inc. grew its stake in Logitech International by 9.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,018 shares of the technology company’s stock worth $223,000 after buying an additional 249 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in Logitech International by 4.7% during the fourth quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock worth $627,000 after buying an additional 297 shares during the period. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOGI has been the subject of several research reports. Citigroup boosted their price objective on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Berenberg Bank initiated coverage on shares of Logitech International in a research report on Thursday, March 14th. They set a “buy” rating and a $111.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research report on Tuesday. Morgan Stanley reissued an “underweight” rating and set a $75.00 target price (down from $85.00) on shares of Logitech International in a research report on Monday. Finally, Barclays boosted their target price on shares of Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and an average price target of $92.43.

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 650 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at $1,002,464.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Logitech International news, COO Prakash Arunkundrum sold 699 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $90.00, for a total transaction of $62,910.00. Following the sale, the chief operating officer now directly owns 67,848 shares of the company’s stock, valued at $6,106,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samantha Harnett sold 650 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the sale, the insider now directly owns 11,910 shares in the company, valued at $1,002,464.70. The disclosure for this sale can be found here. Insiders have sold 24,572 shares of company stock valued at $2,207,555 over the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Logitech International Price Performance

LOGI opened at $79.69 on Wednesday. The stock has a market capitalization of $12.60 billion, a PE ratio of 26.04, a P/E/G ratio of 1.79 and a beta of 0.74. The firm’s fifty day moving average price is $88.24 and its 200 day moving average price is $85.98. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, January 22nd. The technology company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.43. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. On average, equities research analysts forecast that Logitech International S.A. will post 3.44 earnings per share for the current fiscal year.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.