First Trust Direct Indexing L.P. Acquires Shares of 2,568 Logitech International S.A. (NASDAQ:LOGI)

First Trust Direct Indexing L.P. bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,568 shares of the technology company’s stock, valued at approximately $244,000.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Logitech International by 36.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock worth $267,457,000 after acquiring an additional 760,263 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Logitech International by 317.8% in the third quarter. Acadian Asset Management LLC now owns 546,851 shares of the technology company’s stock valued at $37,817,000 after purchasing an additional 415,950 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Logitech International by 574.6% during the fourth quarter. Russell Investments Group Ltd. now owns 296,210 shares of the technology company’s stock worth $28,012,000 after buying an additional 252,299 shares in the last quarter. Vontobel Holding Ltd. raised its position in Logitech International by 2.3% in the 4th quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after buying an additional 121,060 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in Logitech International by 109.8% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 118,166 shares of the technology company’s stock valued at $8,169,000 after acquiring an additional 61,849 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on LOGI. Citigroup increased their target price on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Wedbush reaffirmed a “neutral” rating and set a $92.00 price target on shares of Logitech International in a research report on Tuesday, April 30th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $75.00 price objective (down previously from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $91.00.

Insider Transactions at Logitech International

In related news, COO Prakash Arunkundrum sold 23,023 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the sale, the chief operating officer now directly owns 61,056 shares in the company, valued at approximately $5,495,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Samantha Harnett sold 650 shares of the stock in a transaction dated Thursday, February 8th. The stock was 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 in the company, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Insiders sold 24,572 shares of company stock worth $2,207,555 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Logitech International Trading Up 0.5 %

Logitech International stock opened at $84.35 on Wednesday. The business’s 50 day simple moving average is $86.14 and its 200 day simple moving average is $86.94. Logitech International S.A. has a 12 month low of $53.91 and a 12 month high of $96.66. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.56 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. As a group, equities research analysts forecast that Logitech International S.A. will post 3.81 earnings per share for the current fiscal year.

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.