Allspring Global Investments Holdings LLC Sells 224 Shares of Logitech International S.A. $LOGI

Allspring Global Investments Holdings LLC lowered its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,098 shares of the technology company’s stock after selling 224 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Logitech International were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Logitech International by 40.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,658 shares of the technology company’s stock worth $731,000 after purchasing an additional 2,497 shares during the period. Novem Group increased its position in shares of Logitech International by 30.0% during the first quarter. Novem Group now owns 12,816 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 2,954 shares in the last quarter. World Investment Advisors purchased a new stake in shares of Logitech International during the first quarter worth approximately $259,000. Bank of New York Mellon Corp increased its position in shares of Logitech International by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 353,147 shares of the technology company’s stock worth $29,809,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Logitech International by 8.9% during the first quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company’s stock worth $9,261,000 after buying an additional 8,971 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Activity at Logitech International

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider owned 57,437 shares in the company, valued at $6,030,885. The trade was a 14.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LOGI. JPMorgan Chase & Co. upped their price target on Logitech International from $80.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. BNP Paribas Exane upgraded Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a report on Tuesday, August 5th. Citigroup upgraded Logitech International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $130.00 in a report on Wednesday, October 15th. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. Finally, Barclays raised their price target on Logitech International from $92.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.89.

Logitech International Price Performance

Logitech International stock opened at $111.36 on Friday. The stock has a fifty day moving average of $107.63 and a two-hundred day moving average of $93.77. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $114.94.

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

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.