Logitech International S.A. (NASDAQ:LOGI) Insider Sells $54,710.50 in Stock

Logitech International S.A. (NASDAQ:LOGIGet Free Report) insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the sale, the insider now directly owns 11,910 shares in the company, valued at $1,002,464.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Logitech International Stock Performance

Shares of LOGI opened at $85.21 on Friday. The firm has a market cap of $13.48 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.89 and a beta of 0.74. Logitech International S.A. has a 52-week low of $50.26 and a 52-week high of $96.66. The business’s 50 day moving average price is $90.71 and its two-hundred day moving average price is $79.49.

Institutional Investors Weigh In On Logitech International

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Logitech International by 123.1% during the second quarter. Assenagon Asset Management S.A. now owns 25,401 shares of the technology company’s stock worth $1,512,000 after buying an additional 14,016 shares in the last quarter. Allworth Financial LP boosted its position in Logitech International by 249.1% in the third quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock worth $52,000 after purchasing an additional 538 shares during the last quarter. Modera Wealth Management LLC purchased a new position in Logitech International in the second quarter worth $9,688,000. Renaissance Technologies LLC boosted its position in Logitech International by 13.9% in the second quarter. Renaissance Technologies LLC now owns 1,082,121 shares of the technology company’s stock worth $64,278,000 after purchasing an additional 132,200 shares during the last quarter. Finally, Ossiam boosted its position in Logitech International by 1.3% in the second quarter. Ossiam now owns 19,094 shares of the technology company’s stock worth $1,136,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 38.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on Logitech International

About Logitech International

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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.

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