Outlook Wealth Advisors LLC Invests $394,000 in Logitech International S.A. (NASDAQ:LOGI)

Outlook Wealth Advisors LLC purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,789 shares of the technology company's stock, valued at approximately $394,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock worth $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock worth $119,673,000 after buying an additional 1,385,493 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Logitech International during the 3rd quarter worth about $15,891,000. Marshall Wace LLP grew its stake in Logitech International by 57.3% during the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company's stock valued at $43,615,000 after purchasing an additional 164,307 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Logitech International in the third quarter valued at about $12,597,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LOGI. JPMorgan Chase & Co. cut their price target on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Bank of America lowered Logitech International from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. StockNews.com cut Logitech International from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. UBS Group raised shares of Logitech International from a "sell" rating to a "neutral" rating in a research note on Wednesday, November 20th. Finally, Barclays dropped their price target on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Logitech International currently has an average rating of "Hold" and a consensus price target of $92.88.

Insider Activity at Logitech International

In related news, Director Guy Gecht bought 2,500 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Logitech International Trading Down 0.1 %

Logitech International stock traded down $0.09 during midday trading on Thursday, hitting $88.15. 596,123 shares of the stock were exchanged, compared to its average volume of 535,111. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.70 and a beta of 0.77. The stock's 50-day simple moving average is $82.36 and its 200 day simple moving average is $85.94.

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.