20,360 Shares in Logitech International S.A. (NASDAQ:LOGI) Bought by Marshall Financial Group LLC

Marshall Financial Group LLC purchased a new position in Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 20,360 shares of the technology company’s stock, valued at approximately $1,677,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DGS Capital Management LLC acquired a new stake in shares of Logitech International in the 4th quarter valued at about $219,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Logitech International by 2.9% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 152,912 shares of the technology company’s stock worth $12,656,000 after acquiring an additional 4,369 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Logitech International by 4,876.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after acquiring an additional 164,185 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Logitech International by 511.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 163,094 shares of the technology company’s stock valued at $13,431,000 after acquiring an additional 136,408 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after purchasing an additional 233 shares during the period. 45.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LOGI has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Loop Capital lowered their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $73.00 to $92.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.75.

Logitech International Trading Down 0.4 %

Shares of Logitech International stock opened at $91.18 on Friday. The business’s fifty day simple moving average is $83.84 and its 200 day simple moving average is $85.65. The firm has a market capitalization of $14.42 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59.

Logitech International Company 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.