Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its stake in Logitech International S.A. (NASDAQ:LOGI) by 41.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,105 shares of the technology company’s stock after purchasing an additional 2,375 shares during the period. Kestra Private Wealth Services LLC’s holdings in Logitech International were worth $667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Exane Asset Management acquired a new stake in Logitech International in the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after purchasing an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its position in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Logitech International during the third quarter worth $105,000. Finally, CWM LLC lifted its holdings in Logitech International by 21.3% during the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after buying an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

LOGI has been the topic of a number of recent analyst reports. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, January 22nd. StockNews.com raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Logitech International presently has a consensus rating of “Hold” and a consensus target price of $97.13.

Insider Buying and Selling

In other news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $105.06 on Friday. Logitech International S.A. has a one year low of $74.72 and a one year high of $105.65. The company has a 50-day simple moving average of $89.21 and a 200-day simple moving average of $86.57. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. As a group, research analysts forecast that Logitech International S.A. will post 4.18 EPS for the current fiscal 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.