Pictet North America Advisors SA Buys 2,774 Shares of Logitech International S.A. (NASDAQ:LOGI)

Pictet North America Advisors SA increased its position in Logitech International S.A. (NASDAQ:LOGI) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,649 shares of the technology company’s stock after buying an additional 2,774 shares during the period. Pictet North America Advisors SA’s holdings in Logitech International were worth $3,117,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Exane Asset Management purchased a new stake in shares of Logitech International during the 4th quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB lifted its position in Logitech International by 56.0% in the fourth 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 during the last quarter. Transamerica Financial Advisors Inc. increased its position 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 valued at $104,000 after acquiring an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Logitech International in the third quarter valued at $105,000. Finally, CWM LLC lifted its holdings in shares of Logitech International by 21.3% in the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after acquiring an additional 362 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $103.30 on Friday. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $103.54. The company has a 50-day moving average of $88.81 and a 200 day moving average of $86.45. The firm has a market cap of $16.34 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last released 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%. Sell-side analysts anticipate that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

LOGI has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Barclays boosted their target price on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Bank of America downgraded shares of Logitech International from a “buy” rating to a “neutral” rating and reduced 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and an average target price of $97.13.

Insiders Place Their Bets

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 transaction, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Logitech International 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.