Ballentine Partners LLC Buys Shares of 2,333 Logitech International S.A. $LOGI

Ballentine Partners LLC bought a new stake in Logitech International S.A. (NASDAQ:LOGI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,333 shares of the technology company’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Logitech International by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company’s stock valued at $543,347,000 after buying an additional 66,175 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Logitech International by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,207,416 shares of the technology company’s stock valued at $355,148,000 after buying an additional 59,150 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Logitech International by 91.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after buying an additional 815,280 shares during the last quarter. Deutsche Bank AG lifted its position in Logitech International by 13.5% in the first quarter. Deutsche Bank AG now owns 1,449,739 shares of the technology company’s stock valued at $122,372,000 after buying an additional 172,320 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Logitech International by 0.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,152,251 shares of the technology company’s stock valued at $96,265,000 after buying an additional 4,849 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Trading Down 0.3%

Shares of Logitech International stock opened at $107.92 on Tuesday. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $113.43. The firm’s 50 day moving average is $102.24 and its two-hundred day moving average is $90.33.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 earnings per share. Logitech International has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on LOGI. BNP Paribas Exane raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, August 5th. BNP Paribas raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $100.00 to $109.00 in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Logitech International from $80.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Citigroup increased their price target on shares of Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Finally, Morgan Stanley increased their price target on shares of Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Logitech International has an average rating of “Moderate Buy” and a consensus target price of $97.00.

Insider Activity

In other news, insider Prakash Arunkundrum sold 9,900 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider directly owned 57,437 shares in the company, valued at approximately $6,030,885. This trade represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.