Orion Portfolio Solutions LLC Sells 255 Shares of Logitech International S.A. (NASDAQ:LOGI)

Orion Portfolio Solutions LLC reduced its stake in Logitech International S.A. (NASDAQ:LOGI) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,534 shares of the technology company’s stock after selling 255 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Logitech International were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Logitech International by 6.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after buying an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after buying an additional 128 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Logitech International by 0.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after buying an additional 168 shares in the last quarter. Investment Management Corp of Ontario increased its stake in Logitech International by 0.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after buying an additional 170 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Logitech International by 5.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. The trade was a 15.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LOGI. Barclays cut their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Loop Capital cut their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $114.00 to $92.00 in a research report on Monday. Finally, StockNews.com lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.88.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $83.66 on Wednesday. The business’s 50 day moving average is $82.53 and its two-hundred day moving average is $88.04. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The stock has a market capitalization of $13.23 billion, a P/E ratio of 18.63, a PEG ratio of 1.94 and a beta of 0.78.

About Logitech International

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.