Samantha Harnett Sells 300 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now directly owns 7,348 shares of the company’s stock, valued at $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Samantha Harnett also recently made the following trade(s):

• On Wednesday, November 27th, Samantha Harnett sold 280 shares of Logitech International stock. The shares were sold at an average price of $80.09, for a total transaction of $22,425.20.

Logitech International Price Performance

NASDAQ LOGI opened at $98.63 on Friday. The company’s fifty day moving average is $87.37 and its two-hundred day moving average is $86.11. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $102.59. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 3.00 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LOGI. Sierra Ocean LLC acquired a new position in shares of Logitech International in the 4th quarter valued at $27,000. Exane Asset Management bought a new stake in Logitech International in the fourth quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB raised its position in Logitech International by 56.0% in 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 in the last quarter. Global Retirement Partners LLC lifted its stake in Logitech International by 109.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after purchasing an additional 631 shares during the period. Finally, Transamerica Financial Advisors Inc. boosted its holdings in Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,153 shares in the last quarter. 45.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LOGI shares. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. Barclays boosted their target price on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $97.13.

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.