Entropy Technologies LP Makes New $314,000 Investment in Logitech International S.A. (NASDAQ:LOGI)

Entropy Technologies LP acquired a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,810 shares of the technology company's stock, valued at approximately $314,000.

A number of other institutional investors also recently bought and sold shares of LOGI. Janney Montgomery Scott LLC raised its position in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company's stock valued at $13,798,000 after purchasing an additional 164,185 shares during the period. SpiderRock Advisors LLC purchased a new stake in Logitech International in the 3rd quarter worth $1,431,000. Assetmark Inc. raised its holdings in Logitech International by 6,766.2% during the third quarter. Assetmark Inc. now owns 49,231 shares of the technology company's stock valued at $4,418,000 after acquiring an additional 48,514 shares during the period. Summit Global Investments purchased a new position in shares of Logitech International in the third quarter valued at about $1,299,000. Finally, Strengthening Families & Communities LLC boosted its stake in shares of Logitech International by 9.2% in the third quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company's stock worth $404,000 after acquiring an additional 378 shares during the period. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Up 1.7 %

NASDAQ LOGI traded up $1.76 during trading hours on Monday, hitting $105.06. 868,872 shares of the company were exchanged, compared to its average volume of 961,655. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $105.65. The stock has a 50-day moving average price of $89.61 and a 200 day moving average price of $86.65. The stock has a market cap of $16.62 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share 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 anticipate that Logitech International S.A. will post 4.18 earnings per share for the current year.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays boosted their price target on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Citigroup upped their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Logitech International from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Logitech International has a consensus 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.