Metis Global Partners LLC Sells 414 Shares of Logitech International S.A. (NASDAQ:LOGI)

Metis Global Partners LLC cut its holdings in Logitech International S.A. (NASDAQ:LOGI) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,329 shares of the technology company’s stock after selling 414 shares during the quarter. Metis Global Partners LLC’s holdings in Logitech International were worth $854,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LOGI. Barclays PLC boosted its position in Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after purchasing an additional 1,967,133 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Logitech International by 34.2% during the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after buying an additional 89,788 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Logitech International by 2,315.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after buying an additional 1,385,493 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Logitech International by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock valued at $98,348,000 after buying an additional 19,046 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Trading Down 1.8 %

Logitech International stock opened at $95.74 on Wednesday. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.61 and a beta of 0.78. The stock’s 50 day moving average is $93.50 and its 200-day moving average is $87.79. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $105.65.

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

Insider Activity 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. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. StockNews.com cut Logitech International from a “buy” rating to a “hold” rating in a report on Monday. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Bank of America reiterated an “underperform” rating and set a $90.00 target price (down from $105.00) on shares of Logitech International in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Logitech International has an average rating of “Hold” and a consensus target price of $96.88.

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.