Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its stake in Logitech International S.A. (NASDAQ:LOGI) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,213 shares of the technology company’s stock after acquiring an additional 1,173 shares during the period. Royal London Asset Management Ltd.’s holdings in Logitech International were worth $2,442,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Logitech International by 166.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after acquiring an additional 798,759 shares during the period. Acadian Asset Management LLC lifted its stake in Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares in the last quarter. Marshall Wace LLP lifted its stake in Logitech International by 57.3% during the second quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock worth $43,615,000 after purchasing an additional 164,307 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Logitech International by 8.0% during the second quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after buying an additional 120,000 shares during the period. Finally, Achmea Investment Management B.V. grew its stake in shares of Logitech International by 444.0% in the second quarter. Achmea Investment Management B.V. now owns 130,634 shares of the technology company’s stock valued at $12,636,000 after buying an additional 106,622 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Trading Up 0.7 %

Shares of LOGI stock opened at $84.89 on Monday. The company has a market cap of $13.43 billion, a P/E ratio of 18.91, a PEG ratio of 1.90 and a beta of 0.78. The firm has a fifty day moving average price of $82.84 and a 200 day moving average price of $88.64. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOGI. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Loop Capital dropped their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Finally, Barclays reduced their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.00.

Insiders Place Their Bets

In related news, Director Guy Gecht purchased 2,500 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

About Logitech International

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.