Virtus Advisers LLC Makes New Investment in Logitech International S.A. $LOGI

Virtus Advisers LLC bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,733 shares of the technology company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Logitech International by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company’s stock valued at $543,347,000 after purchasing an additional 66,175 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Logitech International by 1.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,207,416 shares of the technology company’s stock worth $355,148,000 after purchasing an additional 59,150 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Logitech International by 91.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock worth $152,757,000 after purchasing an additional 815,280 shares during the last quarter. Deutsche Bank AG increased its position in shares of Logitech International by 13.5% during the 1st quarter. Deutsche Bank AG now owns 1,449,739 shares of the technology company’s stock worth $122,372,000 after purchasing an additional 172,320 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Logitech International by 0.4% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,152,251 shares of the technology company’s stock valued at $96,265,000 after buying an additional 4,849 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOGI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a research report on Wednesday, October 8th. Zacks Research raised Logitech International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BNP Paribas raised Logitech International from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from $100.00 to $109.00 in a research note on Tuesday, August 5th. Finally, Wedbush boosted their price objective on Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Two investment analysts have 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Logitech International Stock Up 1.9%

NASDAQ:LOGI opened at $112.70 on Monday. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $123.01. The company has a fifty day simple moving average of $112.65 and a two-hundred day simple moving average of $100.90. The company has a market cap of $17.82 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.23. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Logitech International has set its Q3 2026 guidance at EPS. On average, analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Insider Transactions at Logitech International

In related news, insider Prakash Arunkundrum sold 9,900 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the sale, the insider directly owned 57,437 shares in the company, valued at approximately $6,030,885. This represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the completion of the transaction, the director owned 12,781 shares of the company’s stock, valued at $1,541,516.41. This represents a 31.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 20,733 shares of company stock valued at $2,298,168. Corporate insiders own 0.19% of the company’s stock.

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.