International Assets Investment Management LLC Invests $4.88 Million in Logitech International S.A. (NASDAQ:LOGI)

International Assets Investment Management LLC acquired a new position in Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 51,332 shares of the technology company’s stock, valued at approximately $4,880,000.

A number of other institutional investors also recently made changes to their positions in LOGI. Acadian Asset Management LLC lifted its stake in Logitech International by 317.8% during 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 during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of 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 worth $8,169,000 after acquiring an additional 61,849 shares in the last quarter. Todd Asset Management LLC acquired a new position in shares of Logitech International in the 3rd quarter worth $3,309,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Logitech International during the 3rd quarter worth about $3,309,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Logitech International by 11.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 407,855 shares of the technology company’s stock valued at $28,313,000 after acquiring an additional 42,990 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $84.39 on Thursday. The stock has a market capitalization of $13.35 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.56 and a beta of 0.78. The business has a 50-day moving average of $86.05 and a two-hundred day moving average of $86.92. Logitech International S.A. has a fifty-two week low of $53.91 and a fifty-two week high of $96.66.

Logitech International (NASDAQ:LOGI) last posted its earnings results 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 firm 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, research analysts expect that Logitech International S.A. will post 3.81 EPS for the current fiscal year.

Insider Transactions at Logitech International

In related news, COO Prakash Arunkundrum sold 699 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $90.00, for a total value of $62,910.00. Following the transaction, the chief operating officer now directly owns 67,848 shares in the company, valued at approximately $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, CFO Charles D. Boynton purchased 1,225 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $81.27 per share, with a total value of $99,555.75. Following the transaction, the chief financial officer now directly owns 1,225 shares in the company, valued at approximately $99,555.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prakash Arunkundrum sold 699 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $90.00, for a total value of $62,910.00. Following the completion of the sale, the chief operating officer now directly owns 67,848 shares of the company’s stock, valued at $6,106,320. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,922 shares of company stock worth $2,152,844. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOGI. JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $92.00 to $85.00 in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Wedbush reissued a “neutral” rating and set a $92.00 price objective on shares of Logitech International in a research report on Tuesday, April 30th. Citigroup upped their target price on Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $91.00.

About Logitech International

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.