Plato Investment Management Ltd Has $1.09 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Plato Investment Management Ltd raised its holdings in Logitech International S.A. (NASDAQ:LOGI) by 7.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,060 shares of the technology company’s stock after acquiring an additional 921 shares during the quarter. Plato Investment Management Ltd’s holdings in Logitech International were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Logitech International during the 4th quarter worth about $27,000. Exane Asset Management acquired a new position in shares of Logitech International during the 4th quarter worth about $32,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after purchasing an additional 233 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake 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. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Logitech International during the 3rd quarter worth about $105,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Logitech International Stock Down 1.4 %

NASDAQ LOGI opened at $97.54 on Tuesday. The company has a market capitalization of $15.43 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $105.65. The firm has a 50-day moving average price of $93.50 and a two-hundred day moving average price of $87.79.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Equities analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Analyst Upgrades and Downgrades

LOGI has been the topic of several recent analyst reports. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Citigroup boosted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $96.88.

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.