Jupiter Asset Management Ltd. Has $1.31 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Jupiter Asset Management Ltd. reduced its position in Logitech International S.A. (NASDAQ:LOGIFree Report) by 48.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,929 shares of the technology company’s stock after selling 17,619 shares during the period. Jupiter Asset Management Ltd.’s holdings in Logitech International were worth $1,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC bought a new stake in Logitech International in the 3rd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Logitech International by 233.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 551 shares of the technology company’s stock valued at $34,000 after acquiring an additional 386 shares during the period. Allworth Financial LP grew its holdings in Logitech International by 249.1% during the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after buying an additional 538 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Logitech International during the 3rd quarter valued at about $73,000. Finally, CWM LLC grew its holdings in Logitech International by 16.9% during the 3rd quarter. CWM LLC now owns 1,127 shares of the technology company’s stock valued at $78,000 after buying an additional 163 shares in the last quarter. 38.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LOGI shares. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Barclays lifted their target price on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their target price on Logitech International from $81.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Wedbush lifted their target price on Logitech International from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley lifted their target price on Logitech International from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.83.

Get Our Latest Research Report on LOGI

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now owns 11,910 shares of the company’s stock, valued at $1,002,464.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

Logitech International Trading Up 0.7 %

Shares of NASDAQ LOGI opened at $85.21 on Friday. Logitech International S.A. has a 12 month low of $50.26 and a 12 month high of $96.66. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.89 and a beta of 0.74. The business has a 50-day moving average of $90.71 and a 200-day moving average of $79.49.

Logitech International Profile

(Free Report)

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

Further Reading

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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