Exane Asset Management Makes New Investment in Logitech International S.A. (NASDAQ:LOGI)

Exane Asset Management bought a new stake in Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 406 shares of the technology company’s stock, valued at approximately $32,000. Logitech International comprises approximately 0.0% of Exane Asset Management’s investment portfolio, making the stock its 25th largest position.

Other large investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position 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 buying an additional 233 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Logitech International in the third quarter worth $105,000. CWM LLC grew its stake in Logitech International by 21.3% in the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after purchasing an additional 362 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Logitech International during the 4th quarter valued at $202,000. 45.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOGI. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. StockNews.com raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Barclays upped their price target on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and a consensus price target of $97.13.

Logitech International Stock Performance

NASDAQ:LOGI opened at $98.63 on Friday. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $102.59. The business’s fifty day moving average is $87.37 and its 200 day moving average is $86.11. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.00 and a beta of 0.78.

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, topping 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 predict that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This trade represents a 3.92 % 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. Insiders own 0.16% 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.