5,435 Shares in Logitech International S.A. (NASDAQ:LOGI) Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management acquired a new position in 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 (SEC). The fund acquired 5,435 shares of the technology company's stock, valued at approximately $448,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOGI. Barclays PLC lifted its stake 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 valued at $451,426,000 after acquiring an additional 1,967,133 shares during the period. Assenagon Asset Management S.A. lifted its stake in 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 valued at $119,673,000 after buying an additional 1,385,493 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Logitech International in the third quarter valued at about $15,891,000. Janney Montgomery Scott LLC lifted 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 buying an additional 164,185 shares during the period. Finally, World Investment Advisors LLC acquired a new position in Logitech International in the third quarter valued at about $12,597,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the firm'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 value 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 trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Analyst Ratings Changes

LOGI has been the topic of several analyst reports. Kepler Capital Markets raised Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Loop Capital cut their target price on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Barclays increased 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. Finally, Citigroup increased their price target on Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $97.13.

Logitech International Stock Up 0.5 %

Shares of NASDAQ:LOGI traded up $0.53 during mid-day trading on Wednesday, reaching $100.38. 383,135 shares of the stock were exchanged, compared to its average volume of 853,126. The company has a market cap of $15.87 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The stock's 50 day simple moving average is $88.10 and its 200-day simple moving average is $86.23.

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

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.