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) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 51,332 shares of the technology company’s stock, valued at approximately $4,880,000.

Several other large investors have also recently made changes to their positions in the stock. Impact Partnership Wealth LLC acquired a new stake in Logitech International during the 3rd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Logitech International by 233.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 551 shares of the technology company’s stock worth $34,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. lifted its holdings in Logitech International by 65.6% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after buying an additional 168 shares in the last quarter. Allworth Financial LP lifted its holdings in Logitech International by 249.1% during the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock worth $52,000 after buying an additional 538 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Logitech International during the 3rd quarter worth approximately $73,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Logitech International

In related news, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $90.00, for a total value of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Logitech International news, 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 transaction of $54,710.50. Following the transaction, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The disclosure for this sale can be found here. Insiders have sold 24,572 shares of company stock valued at $2,207,555 in the last ninety days. Insiders own 0.15% of the company’s stock.

Logitech International Price Performance

NASDAQ LOGI opened at $79.69 on Wednesday. The firm’s fifty day moving average price is $88.24 and its 200 day moving average price is $85.98. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.79 and a beta of 0.74. Logitech International S.A. has a 12 month low of $53.91 and a 12 month high of $96.66.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.43. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. As a group, sell-side analysts forecast that Logitech International S.A. will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LOGI. Morgan Stanley reiterated an “underweight” rating and set a $75.00 target price (down from $85.00) on shares of Logitech International in a report on Monday. Citigroup increased their target price on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Berenberg Bank began coverage on shares of Logitech International in a report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price objective on the stock. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Barclays raised their price objective on shares of Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.