Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in Logitech International S.A. (NASDAQ:LOGI) by 44.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,828 shares of the technology company’s stock after purchasing an additional 2,726 shares during the period. Mackenzie Financial Corp’s holdings in Logitech International were worth $836,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. CWM LLC grew its position in Logitech International by 16.9% in the third quarter. CWM LLC now owns 1,127 shares of the technology company’s stock valued at $78,000 after acquiring an additional 163 shares in the last quarter. Blue Trust Inc. grew its position in Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in Logitech International by 4.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock valued at $627,000 after acquiring an additional 297 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in Logitech International in the third quarter valued at approximately $25,000. Finally, Balentine LLC grew its position in shares of Logitech International by 3.7% during the third quarter. Balentine LLC now owns 10,334 shares of the technology company’s stock worth $712,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other Logitech International news, COO Prakash Arunkundrum sold 699 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the sale, the chief operating officer now directly owns 67,848 shares in the company, valued at $6,106,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Logitech International news, COO Prakash Arunkundrum sold 699 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the sale, the chief operating officer now directly owns 67,848 shares in the company, valued at $6,106,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samantha Harnett sold 650 shares of the firm’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 completion of the sale, the insider now owns 11,910 shares in the company, valued at $1,002,464.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,572 shares of company stock worth $2,207,555. 0.15% of the stock is owned by insiders.

Logitech International Price Performance

Shares of LOGI opened at $78.72 on Friday. The business’s fifty day moving average price is $87.44 and its 200 day moving average price is $86.22. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66. The stock has a market capitalization of $12.45 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.65 and a beta of 0.74.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping 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 return on equity of 23.84% and a net margin of 11.44%. As a group, research analysts anticipate that Logitech International S.A. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LOGI. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Berenberg Bank began coverage on shares of Logitech International in a research report on Thursday, March 14th. They set a “buy” rating and a $111.00 price target for the company. Wedbush reissued a “neutral” rating and set a $92.00 price target on shares of Logitech International in a research report on Tuesday. Finally, Morgan Stanley reissued an “underweight” rating and set a $75.00 price target (down previously from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.43.

Logitech International Company 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.