Samantha Harnett Sells 300 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Samantha Harnett also recently made the following trade(s):

• On Wednesday, November 27th, Samantha Harnett sold 280 shares of Logitech International stock. The shares were sold at an average price of $80.09, for a total transaction of $22,425.20.

Logitech International Stock Down 1.1 %

NASDAQ:LOGI opened at $99.42 on Friday. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The stock has a market cap of $15.72 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The firm’s fifty day simple moving average is $87.01 and its 200 day simple moving average is $86.07.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, analysts expect that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Logitech International in the fourth quarter worth $27,000. Exane Asset Management purchased a new stake in shares of Logitech International in the 4th quarter worth about $32,000. MassMutual Private Wealth & Trust FSB lifted its position in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after acquiring an additional 233 shares during the period. Global Retirement Partners LLC boosted its stake in Logitech International by 109.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after acquiring an additional 631 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. grew its holdings in Logitech International by 115,300.0% in the third 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 period. Institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on LOGI shares. Bank of America downgraded shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Wedbush reissued a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. Barclays lifted their price target on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Citigroup lifted their target price 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. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus target price of $97.13.

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.